Trump Announces 100% Tariff on Patented Pharmaceuticals
#tariffs #pharmaceuticals #healthcare
President Donald Trump's new tariff on pharmaceuticals may have a significant impact on the industry and healthcare in the United States.
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About American Manufacturing
The **Alliance for American Manufacturing (AAM)** is a non-profit, non-partisan partnership founded in 2007 by American manufacturers and the United Steelworkers union. Its mission is to strengthen American manufacturing and create private-sector jobs through public policy solutions focused on job creation, infrastructure investment, fair international trade, and global competitiveness. AAM operates from Washington, D.C., where it maintains lobbying and research efforts, alongside a national field staff. It promotes strong Buy American provisions at federal and local levels and advocates for a long-term national manufacturing strategy to revitalize the sector[1][8]. AAM is known for its strategic communications, coalition building, public education, and research activities. It has gained national attention, highlighted by high-profile political engagement such as speeches by Senators Barack Obama and Hillary Clinton at its 2008 convention. As of 2019, Scott Paul served as AAM’s president, and by 2025, the organization was recognized by Bloomberg as a vocal intellectual supporter of US President Donald Trump's tariff policies, reflecting its strong ties to the US steel industry[1]. The Alliance distinguishes itself by combining industrial labor and manufacturing leadership to tackle complex policy issues affecting American manufacturing competitiveness and sustainability. Its advocacy aligns with protecting domestic manufacturing jobs and encouraging investment in American-made products. In the broader context, American manufacturing remains a vital economic sector. It contributed approximately $2.3 trillion to the U.S. GDP in 2023, representing over 10% of total GDP, and supports millions of jobs nationwide. The sector is also a leader in private-sector research and development, driving innovation across industries from chemicals to electronics[5][4]. Organizations like AAM play a crucial role in shaping policies that support this dynamic and strategically important sector, especially amid evolving global trade and technological challenges.
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