(Emma Colton – Fox Business) President Donald Trump previewed on Tuesday evening that the pharmaceutical industry will be the next to face a “major” tariff.
“We’re going to tariff our pharmaceuticals. And once we do that, they’re going to come rushing back into our country, because we’re a big market. The advantage we have over everybody, is that we’re the big market,” Trump said on Tuesday evening during the National Republican Congressional Committee’s annual presidential dinner.
“So we’re going to be announcing very shortly a major tariff on pharmaceuticals. … And when they hear that, they will leave China, they will leave other places, because … most of their product is sold here, and they’re going to be opening up their plants all over the place in our country. We’re going to be announcing that,” he continued, calling the announcement “breaking news.”
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