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Proposed 25% Tariff on Drugs: 2.4 Million Jobs at Risk

5/6/2025

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Summary

Story summary

A proposed 25% tariff on pharmaceuticals threatens to plunge the U.S. and Canada into recession, jeopardizing up to 2.4 million jobs. As drug prices soar, countless low-income individuals may find essential medications out of reach, worsening drug shortages and health inequalities, and putting lives at risk.

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Story summary

A proposed 25% tariff on pharmaceuticals threatens to plunge the U.S. and Canada into recession, jeopardizing up to 2.4 million jobs. As drug prices soar, countless low-income individuals may find essential medications out of reach, worsening drug shortages and health inequalities, and putting lives at risk.