Experts warn that President Trump's 10% tariff on Chinese imports could significantly increase the cost of generic drugs in the US and worsen existing drug shortages. Many generic medications, including essential drugs like cancer treatments, antibiotics, and blood thinners, are manufactured overseas, where production is cheaper. China is increasingly involved in producing the active pharmaceutical ingredients (APIs) used in these drugs. The tariffs are expected to disrupt the supply chain, potentially leading to shortages and higher prices for consumers in the coming months.
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.
In a statement, John Murphy III, president and CEO of the Association for Accessible Medicines, called on the Trump administration to provide an exemption. “From the base ingredients to the finished products, U.S. medicines rely on a global supply chain that is already stressed and in need of strengthening,” he said. “Generic manufacturers simply can’t absorb new costs.” The White House did not immediately respond to a request for comment.
DRUG PRICES GENERIC DRUGS TARIFFS CHINA DRUG SHORTAGES
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