[Full Article](Trump says pharma tariffs could eventually reach up to 250% https://www.cnbc.com/2025/08/05/trump-says-pharma-tariffs-could-eventually-reach-up-to-250percent.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard)

> President Donald Trump told CNBC’s “Squawk Box” on Tuesday that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%, the highest rate he has threatened so far.

> He said he will initially impose a “small tariff” on pharmaceuticals, but then in a year to a year and a half “maximum,” he will raise that rate to 150% and then 250%.

> The president has repeatedly threatened and then changed course on tariff proposals, so there’s no guarantee he will eventually set pharmaceutical tariffs at the 250% rate. In early July, Trump had threatened 200% tariffs on pharmaceuticals.

> The Trump administration in April initiated a so-called Section 232 investigation on pharmaceutical products. That’s a legal authority that allows the secretary of Commerce to investigate the impact of imports on national security.

> The tariffs are the president’s bid to incentivize drug companies to move manufacturing operations to the U.S. at a time when domestic drug production has shrunk dramatically over the last few decades. Over the last six months, companies like Eli Lilly and Johnson & Johnson have announced fresh U.S. investments to build goodwill with the president.

> “We want pharmaceuticals made in our country,” Trump told CNBC.

Trump floats 250% pharma tariffs