Trump Says Tariffs on Pharmaceutical Imports Could Increase to 200 Percent

Commerce Secretary Howard Lutnick said that details on pharmaceutical tariffs will be unveiled by the end of the month.

President Donald Trump speaks during a cabinet meeting in the White House on July 8, 2025. Andrew Caballero-Reynolds /AFP via Getty Images

President Donald Trump said on July 8 that he will impose tariffs of up to 200 percent on pharmaceutical products imported into the United States.

Trump told a Cabinet meeting that his administration will unveil the tariffs “very soon,” but they will not take effect immediately.