Trump Wants to Cut Drug Imports Which Could Raise Prices

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Trump Wants to Cut Drug Imports Which Could Raise Prices

Jan, 13th 2017

First it was cars, then air-conditioners. This week, President-elect Donald J. Trump targeted another industry that has shifted manufacturing abroad: pharmaceuticals.

American drug imports have grown significantly in recent years, figures show. At the same time, however, drug costs continue to rise, an issue Mr. Trump suggested his government could address.

But any move to curtail pharmaceutical imports could raise, rather than lower, drug prices, experts warn. That is because many of the cheaper drugs in the United States come from abroad.

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