Trump's tariffs could raise the cost of generic drugs in the U.S.

The cost of generic drugs for many people could go up if President-elect Donald Trump follows through on his promise to impose sweeping tariffs on products from China and other foreign countries, policy experts say.

The cost of generic drugs for many people could go up if President-elect Donald Trump follows through on his promise to impose sweeping tariffs on products from China and other foreign countries, policy experts say.

During his campaign, Trump proposed blanket tariffs of 20% on all imports and tariffs of at least 60% on products coming from China. 

The idea is that making foreign products more expensive would encourage U.S. companies to source more and consumers to buy more products at home.

But experts say there’s one major flaw with that plan: Very few generic drugs are actually made in the U.S. 

Over the last several decades, generic drug manufacturing has increasingly moved overseas as production in the U.S. has become less profitable.

https://www.nbcnews.com/health/health-news/trumps-tariffs-raise-cost-generic-drugs-us-rcna181221

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