[BREAKING] Trump announces 100% tariff on branded or patented pharmaceutical imports from Oct 1

[DragonFire]

4 more years only. The next US president will denounce all Trump’s nonsense policies

I was saying elsewhere that it takes far longer than 4 years to properly commission a plant.

 

[firebear]

It is very interesting how Trump words it " branded or patented"....In other words, generic drugs is free flow and no tariffs.....He is telling the big pharmas to agar agar be more social conscious in their pricing....

It is also interesting that those companies that already has plants in the US are all exempted. In other words, he is telling the big pharmas as long you agar agar give some jobs in America by opening a plant no matter how small, your offshore manufacturing I dun touch.


This move is also sibei friendly to Singapore. To think our PM still KPKB Trump....

well said, here, only you see this...
(he need those impt medicine to be fully accessable at all times )

 

[Newtype_com]

Task Force Man

Has

Failed Spectacularly

NEL / Punggol MRT has also consistently breakdown

 

[wongminmin]

• 3 to 5 years for a standard pharmaceutical plant.
• 5 to 7 years if it’s highly complex (e.g., biologics, vaccines).

sg take about 4+ years to setup pharmaceutical plant.
Let's see how trump build his pharmaceutical industry @_@
the question is whether ang mo like to wear jumpsuit.

 

[ShinnAsuka]

See here got many King dumb trump supporters.. See how he hurt us now.. happy liao

Bro, see how much stocks have rallied.

The only hurt i see is fearmongering

 

[GreatPumpkin]

If you think about it, the actual dollars and cents impacted.

For pharmaceutical, the cost of production is likely very low and margin very thick. It's the R&D that is expensive. A levy of 100 pct on a few cents won't be great to the producers. They can't tax on R&D and R&D cost can still be used to reduce taxes.

Those pharmaceutical choose to produce here is likely due to other political, operation or trading reasons rather than lowering production cost. If that's the purpose, they could have done it in other cheaper places, to run.

The greatest loser will be the American residents, because the pharmaceutical will pass the cost and they will use the opportunity to jack up the price higher. It won't be few cents of increase, they will use the opportunity to increase by a bigger margin.

Even if the pharmaceutical wanna entertain Donald trump and pull operations back. They probably still produce it in the other countries, send the processed material to USA to do packaging. Produced in USA has a broad definition, it can be just semi produced or packaged there.

Tldr: Likely nothing to worry but I'm more worried that PAP, like those pharmaceutical companies, use the opportunity to jack up prices or create some indirect taxes.

Need to consider the supply chain.

Let's say an item sells for $90 at the pharmacy.

Actual costs to make is maybe $2 but manufacturer will sell to distributor for $30 then distributor flip to pharmacy for $60.

So if the declared value at export is $30, then now distributor have to pay $60 after tariff.

So distributor now flip to pharmacy ar $90 and pharmacy sell at $120.

Consumer won't foot the full 100% but it still hurts.

They can package in USA but iirc, bulk product, bottles and packaging will all kena tariff as well. Then all their cheap labour kena scared off by ICE.

 

[li9ht5peed]

trump is the best leader. hope he becomes president forever

 

[AlmightyOnes]

trump is the best leader. hope he becomes president forever

 

[Philipkee]

Building a pharma factory takes many years.

Just wayang a bit, buy some cheap land and slow walk the process until somebody is out of office.

Might not work. Other than trump, it’s not common for another president to turn back the predecessor’s policies. Like I read after winning the presidency, Biden didn’t reverse any tariff imposed by trump. So even if democrats win the presidency, I doubt anything will be reversed. Cos if succeed, the sitting president gets the credit. If it fails, the previous president gets the blame

 

[johnsonheng]

Big Pharma kenna screwed by Trump.

it expected, they tried to screw trump during his 2 election which he lose.

he wanted to release the vacinne, but the pharma refuse,
but they release it immediately after trump lose a indirectly support democrates,

 

[johnsonheng]

Might not work. Other than trump, it’s not common for another president to turn back the predecessor’s policies. Like I read after winning the presidency, Biden didn’t reverse any tariff imposed by trump. So even if democrats win the presidency, I doubt anything will be reversed. Cos if succeed, the sitting president gets the credit. If it fails, the previous president gets the blame

it becasue the common population wanted the jobs back and punish some countries.

 

[johnsonheng]

Building a pharma factory takes many years.

Just wayang a bit, buy some cheap land and slow walk the process until somebody is out of office.

he want to pharma to approach him to nego to make him look good.

 

[johnsonheng]

Buying panadol now! Before price go up

this is not make in sg,
it consider low end drugs,
those high end drug are sold around 100 per pills

 

[johnsonheng]

He should not disturb medical companies. People's health depends on medicines

sg factory need to down side and support euro or asia market ,cut off usa and start plant in usa.

 

[johnsonheng]

Revamp the education system to create our own startups that will become the future MNCs.
The current education system is wasting years of time to train students to work for others. Zero integration with starting own companies. This includes the two NS years.

the last minister see people no up, remember creative,
they only want to so call degree holder to start up.

 

[johnsonheng]

At this point the best way is to start going towards China and allowing them to learn these knowledge, then Trump will be the one panicking.

they wun
china already screw them.
ask them to share tech, and then china will fund start up to complete with the foreign mmc,

u see what happen to LG and other japan brands.
like toshiba, panasonic jvc, hitachi,
all almost gone.

 

[johnsonheng]

Those that don't like him are just waiting for his term to finish. But its not the first day of his crazy tariff. Later he will most likely change again and then the US court will say it's illegal blah blah blah.

if the next president from same price, it likely to carry on his policy

 

[johnsonheng]

If you think about it, the actual dollars and cents impacted.

For pharmaceutical, the cost of production is likely very low and margin very thick. It's the R&D that is expensive. A levy of 100 pct on a few cents won't be great to the producers. They can't tax on R&D and R&D cost can still be used to reduce taxes.

Those pharmaceutical choose to produce here is likely due to other political, operation or trading reasons rather than lowering production cost. If that's the purpose, they could have done it in other cheaper places, to run.

The greatest loser will be the American residents, because the pharmaceutical will pass the cost and they will use the opportunity to jack up the price higher. It won't be few cents of increase, they will use the opportunity to increase by a bigger margin.

Even if the pharmaceutical wanna entertain Donald trump and pull operations back. They probably still produce it in the other countries, send the processed material to USA to do packaging. Produced in USA has a broad definition, it can be just semi produced or packaged there.

Tldr: Likely nothing to worry but I'm more worried that PAP, like those pharmaceutical companies, use the opportunity to jack up prices or create some indirect taxes.

very hard, country of orgin, they need to indicate material cost from where.

 

[johnsonheng]

I dunno wat are the high earnings now? 500%? 800%? 1000%? 2000%? or more. So after that tariff still got 400%, 700%, 900%, 1900% or more.. and also the cost pass to their consumers... mayb jus earn lesser nia

one pill maybe less than 1 dollars cents but sell for 70- usd.

 

[kodomo80]

if the next president from same price, it likely to carry on his policy

after his first scare of the initial tariff, now other countries are used to his scare tactics and also forming their own agreement without US. US is already becoming unpredictable, other countries can only try to find other alternatives.