The U.S. is making big moves to bring drug manufacturing back home! President Trump has announced plans for a major new tariff on imported medicines, which could encourage companies to open more factories in America. Right now, the U.S.
buys half of all the medicines made in the UK worth about £8.7 billion but many of these drugs are actually produced overseas, especially in China.
Trump says these new tariffs will convince companies to move their production to the U.S. because America is their biggest customer. “When they hear about this new tax, they’ll leave China and other countries,” he said. “They have to sell here, so they’ll start building plants here instead.”
This is part of a bigger plan to boost American manufacturing. Over the years, drug production has moved out of the U.S., just like many other industries. But now, with these new rules, that could change bringing jobs and investment back home.
Other countries aren’t happy about the tariffs, and some have added their own taxes on U.S. goods. But Trump isn’t backing down.
He says America is in a strong position because other nations “are begging to make deals.” The White House is standing firm, saying China and others will have to play fair if they want to keep trading with the U.S.
This could be great news for American workers and businesses, as more factories open up and the country becomes less dependent on foreign-made medicines.
The stock market has been shaky over the changes, but the long-term goal a stronger, more self-sufficient America could be worth it!
