Tom Bilyeu
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah, so Trump just signed an executive order imposing 100% tariff on patented pharmaceuticals manufactured outside of the United States.
He almost certainly had to do something like this.
We've got to get pharmaceuticals back in the U.S.
But right now, 53% of all patented drugs distributed in the U.S.
are actually made overseas.
And only 15% of the active pharmaceutical ingredients for those drugs are produced domestically.
Now, America invented most of these drugs, but under the rubric of globalism, we stopped making them.
The tariffs are scheduled to kick in in 120 days for large companies and 180 days for smaller ones.
There are off-ramps.
Companies that commit to building U.S.
manufacturing facilities get a reduced 20% rate, but that climbs back to 100% in four years.
If you sign a most favored nation pricing deal with HHS and break ground on a U.S.
plant, you pay zero.
Now, that tells you exactly what he's trying to do.
He is trying to incentivize companies to make this stuff in the United States.
That's exactly what needs to happen.
I get people hate that it's coming from Trump.
I get that people hate that he's using tariffs to do it.
I understand.
Heard.