Trump faces pressure from US industry over China tariff on medicines
- Posted on February 7, 2025
- By Business News Today
- 5 Views
Trump faces pressure from US industry over China tariff on medicines
U.S. hospitals and generic drugmakers are urging President Trump to exempt medical goods from new tariffs on Chinese imports, warning of potential medicine shortages and higher costs. Nearly 30% of critical drug ingredients are sourced from China, making tariffs problematic for the healthcare industry.
