Trump Declares 100% Tariffs on Pharma Firms Not Building U.S. Plants

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 26 September 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Sept. 26. President Trump unveils new levies on branded or patented drugs from pharmaceutical companies that aren't building manufacturing plants in America. Plus, a federal grand jury in Virginia indicted former FBI director James Comey on charges of making false statements and obstruction during the bureau’s earlier investigation of the Trump campaign’s ties to Russia in the 2016 election. And, WSJ foreign correspondent Sune Rasmussen details the difficulty in defending against drone incursions for NATO, an alliance built for more traditional military conflicts, in a new age of so-called hybrid attacks. Caitlin McCabe hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This message comes from Viking, committed to exploring the world in comfort.
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0:10.1	destination-focused dining, and cultural enrichment on board and on shore.
0:14.7	And every Viking voyage is all-inclusive with no children and no casinos.
0:19.8	Discover more at viking.com.
0:25.1	President Trump says he's slapping 100% tariffs on pharmaceutical products from companies
0:30.9	that aren't building plants in the U.S. Plus, James Comey is indicted as Trump seeks
0:37.2	payback against the former FBI director.
0:40.3	Comey is somebody that Trump has had in his crosshairs really for years.
0:45.4	And this development is part of an effort by Trump to exact the sort of vengeance that he talked about on the campaign trail.
0:53.6	And we look at the difficulty in defending against drones that are buzzing in to NATO airspace.
0:59.6	It's Friday, September 26th.
1:01.6	I'm Caitlin McCabe for the Wall Street Journal, and here is the AM edition of What's News.
1:06.1	The top headlines and business stories moving your world today.
1:14.0	The White House's trade war is front and center once again today after President Trump announced new tariffs on pharmaceuticals, large trucks,
1:19.5	and furniture and home goods. The pharmaceutical industry stands to bear the biggest brunt of the new
1:25.1	levies, with Trump posting on social media that the U.S.
1:28.3	will impose a 100% tariff on branded or patented drugs, unless the company is building a
1:34.4	manufacturing plant in the U.S.
1:37.0	The announcement marks the latest move by Trump to reshape the pharmaceutical industry.
1:42.0	Last month, he sent letters to 17 drug makers asking them to
1:45.8	lower drug costs for Americans to match the lowest price offered in other developed nations.
	...

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