US President Donald Trump on Tuesday warned of a whopping 250% tariffs on the pharma industry one year, one-and-a-half years. “We’ll be putting (an) initially small tariff on pharmaceuticals, but in one year, one-and-a-half years, maximum, it’s going to go to 150 percent and then it’s going to go to 250 percent because we want pharmaceuticals made in our country,” Trump said in an interview on CNBC.Earlier, Trump delivered a blunt warning to major pharmaceutical companies, urging them to cut drug prices or risk facing consequences.“If you refuse to step up we will deploy every tool in our arsenal to protect American families from continued abusive drug pricing practices,” Trump said in a post on Truth Social.This came after a May executive order signed by Trump aimed at tackling soaring drug costs in the US, which the White House said are over three times higher than in other developed nations.
