Trump's China tariffs likely to drive up drug prices, spur shortages, experts say (1 Viewer)

  • Thread starterBerkeley Lovelace Jr. | NBC News
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    Berkeley Lovelace Jr. | NBC News

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    President Donald Trump’s executive order imposing a 10% tariff on Chinese imports is likely to drive up the cost of generic drugs in the United States and exacerbate drug shortages, experts say.

    About half of generic drugs people take in the U.S. — including cancer drugs, antibiotics and blood thinners — are made entirely overseas, where manufacturing is cheaper, said Dr. Aaron Kesselheim, a professor of medicine at Harvard Medical School whose research focuses on prescription drugs.

    An even greater share of the active pharmaceutical ingredients...

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