Trump Slams 100% Tariff on Imported Drugs: Pharma ETFs Take a Hit

On Sept. 25, 2025, President Donald Trump imposed a new set of tariffs on the U.S. economy, including a 100% levy on imported branded and patented pharmaceutical products, effective Oct. 1. This announcement may be just the tip of the iceberg, especially considering that last month the President told CNBC (as quoted by a CNN press release) that his ultimate goal is to impose tariffs of up to 250% on drug imports over time.Immediate Market Reaction As one can imagine, yesterday’s tariff announcement sent a s ...