President Donald Trump announced a new round of tariffs beginning in October 2025 that would impose a 100% duty on brand name drugs imported to the United States. The tariffs won’t apply to countries that have negotiated trade deals or to pharmaceutical companies that have already started building a U.S. manufacturing plant. This move could impact how much consumers pay for brand-name drugs and generics. Drug pricing is a complex formula influenced by various factors like government rebate policies and insurance requirements. If drug companies face 100% tariffs, it could lead to higher drug prices, experts warn.

Read more at Yahoo Finance: Trump announced new drug tariffs. How much will you pay at the pharmacy counter?