Trump threatens tariffs on big pharma ‘at the end of the month'
'Probably at the end of the month, and we're going to start off with a low tariff and give the pharmaceutical companies a year or so to build, and then we're going to make it a very high tariff,' he said.
The president's latest remarks follow a threat last week to impose pharma import tariffs of as much as 200 per cent, but would first give companies up to 18 months to move more production back to the US.
Trump's campaign to onshore more manufacturing to the US has led to volatility in pharma share prices this year and raised concerns about investment and jobs being sucked away from Europe and the UK.
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