Trump: Will Announce ‘Major’ Tariffs on Pharma ‘Very Shortly’
Trump: Will Announce ‘Major’ Tariffs on Pharma ‘Very Shortly’
“We are going to be announcing very shortly a major tariff on pharmaceuticals,” President Donald Trump says at a National Republican Congressional Committee Dinner.
Trump suggests that pharmaceutical companies will leave China once they hear about new tariffs.
They won't.
Inelastic demand in action.
It’s why healthcare should be free.
Trump thinks inelastic demand is when people want non-stretchy pants. I think he legitimately thinks this will happen and is just stupid.
For a start my understanding is that China doesn't actually export much end product pharmaceuticals, it tends to export lots of the chemical precursors. So if companies moved their production to the US they would find that a large amount of the precursors they need now have 104% tariffs applied and they can't compete with production in countries with less insane trade policies regardless of what tariffs go on the end products...
Funny how it'll be the opposite, they'll leave USA to make money elsewhere lmaoo
People will die – unnecessarily – because of this.
Yep, all according to plan.
Kapo Stephen "PeeWee Himmler" Miller has said he wants to reduce the population from 335 million to 100 million white people. This is one step toward that.
When it's not working, it's working.
Citation?
This is just evil. We already pay the most for pharmaceuticals by quite a bit.
can somebody please get an industrial plunger and flush the orange turd already?
I’ve heard the Mario brothers are plumbers.
Player 2 has entered the chat
I feel sorry for all cancer patients whose treatment will be disrupted.
(And all other Americans on life saving or life sustaining medications)
Ah, I see the stock market hasn't crashed enough!
"You know, people aren't being fucked over enough by the price of healthcare already...:
- Trump, probably
It would take years to build out the necessary infrastructure in the US to do everything Trump is fantasizing about. Here’s my guess as to what will likely happen instead:
All the major corporations, seeing how unpredictable the US has become, will instead pour piles of money into Democratic coffers thanks to Citizens United. Between that and the damage Trump inflicts over the next two years hopefully the midterm elections will give the Democrats the ability to impeach & convict him, or at least pass veto-proof legislation to rescind his tariff powers.
At least that would be a more economical way to deal with the issue…
Interesting prediction. Here's mine: American companies will see the isolationist policies and chaos as bad for business, and just pack up and leave.
International companies will. American companies will go out of business. Taco Bell will buy up the rest.
The easiest and cheapest way for large corporations to deal with the issue is by giving Trump kick-backs, in exchange for special tariff exemptions. This is why tariffs are a gold-mine for corrupt practices.
Much of the new manufacturing will be highly automated, to minimize the human factor.
Those that aren't automated, will be Asian-style sweatshops, with low wages, no unions, teen labor, no health/ safety/ environmental regulations, no benefits, no minimum wage, forced overtime, no overtime pay, harsh working conditions, discrimination, sexual harassment. etc. When unemployment is in the double digits, especially in smaller municipalities, people will jump at the chance to work any job.
Some people are excited at the prospect of those high-paying manufacturing jobs coming back to America, and nobody is dissuading them of that idea, and nobody from the media is asking about it. But think about it for a second - if the Sociopathic Oligarchs want to restart manufacturing in America, why would they emulate the model that drove manufacturing overseas in the first place? They have the chance to create an entirely new business model for this, does anyone honestly think they are going to do it in a way that benefits American workers in any way? Or will they structure it to exploit our labor force as much as possible?
"Poor people get all the breaks! They've been ripping us off for years, and its time for it to end!"
- HitlerPig and the Sociopathic Oligarchs
Uh, Promises made? Promises kept?
Hey, MAGA, is this what you voted for?