Tom Bilyeu
👤 SpeakerAppearances Over Time
Podcast Appearances
Your real problem is not with Iran.
Your real problem is with China.
China has way more influence in the world.
China controls.
There are probably two dozen straights of Hormuz that like things that China could choke us out on.
Pharmaceuticals is one of them.
So you've got to bring these back.
Unless you want to lose access to your Ozempic, you're going to need to start making this stuff here.
And when you get to the nitty gritty of things like diabetes drugs and things like that, man, you cannot have these controlled by an adversary.
So we've got to be way, way more careful.
Now, getting back to the very specifics of these tariffs, generic drugs are exempt for now.
The administration is saying that it will reassess that specifically in a year.
Now, the question that I expect all of you guys to be asking is, what on earth is going to happen to the cost of my drugs?
Well, Yale's Budget Lab projected that even a 25% tariff would cost the average American household roughly $600 a year in higher drug costs.
And these tariffs are four times that rate.
So it wouldn't be good for any drug that doesn't sign the most favored nations deal and break ground on a U.S.
facility.
And that is what Trump is pushing people to do.
And that, quite frankly, is what they should do.
We've got to get this stuff back on American soil.