Trump Announces new tariffs on imported pharmaceuticals.
Supposedly to encourage manufacturers to "bring jobs back to America.".
About that:
*Americans already pay scandalously higher prices for even locally ,ade pharmaceuticals that anywhere else in the world..
* Trump has already removes the ceiling price on insulin, established by Biden after the public were help to ranson by criminal price gouging that threatened lives
* Many of the well known drug companies are in fact european and have never manufactured in the US. If they decided to, it would be years before a pill was produced.
* Unlike many labor intensive processes, pharmaceutical plants are highly automated, with very few actual employees.. Even much of the computer monitoring is remote. So there will be no jobs..😷
About that:
*Americans already pay scandalously higher prices for even locally ,ade pharmaceuticals that anywhere else in the world..
* Trump has already removes the ceiling price on insulin, established by Biden after the public were help to ranson by criminal price gouging that threatened lives
* Many of the well known drug companies are in fact european and have never manufactured in the US. If they decided to, it would be years before a pill was produced.
* Unlike many labor intensive processes, pharmaceutical plants are highly automated, with very few actual employees.. Even much of the computer monitoring is remote. So there will be no jobs..😷
70-79, M
