Trump says US will soon announce tariffs on pharmaceutical imports

U.S. President Donald Trump speaks during the National Republican Congressional Committee (NRCC) dinner at the National Building Museum in Washington, D.C., U.S., April 8, 2025. REUTERS/Nathan Howard

(Reuters) - President Donald Trump on Tuesday said the U.S. will soon announce a "major" tariff on pharmaceutical imports.

Speaking to an event at the National Republican Congressional Committee, Trump said the tariff will incentivize drug companies to move their operations to the U.S.