Healthcare Innovation April 3, 2025
Trump’s announcement of global tariffs could impact medical supply costs and pharma innovation
As Janette Wider, Editor-in-Chief of Healthcare Innovation’s sister publication Healthcare Purchasing News, reported on April 3, The Trump administration announced on April 2 that it will implement a new tariff plan starting April 5, imposing a 10% universal tariff on imported goods from all countries. Additionally, beginning April 9, the U.S. will apply reciprocal tariffs on certain countries with which it has large trade deficits, in addition to the universal tariff. However, certain items—such as pharmaceuticals, semiconductors, and copper—will be exempt from these reciprocal tariffs. The previously announced tariffs for Canada and Mexico will remain unaffected by this new measure.”
As Wider wrote, “The president also signed...
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