US pharma tariffs likely weeks away as Trump plans for Alaska, sources say

The Trump administration’s announcement on new US tariffs targeting pharmaceutical imports is likely still weeks away, according to officials and industry sources, despite earlier expectations for a mid-year decision, Reuters reported.

The Commerce Department is investigating whether reliance on foreign-made drugs and ingredients poses a national security risk under Section 232 of the Trade Expansion Act. The review, covering finished medicines and active pharmaceutical ingredients, could lead to phased-in tariffs starting small and potentially rising to 250 percent.

Officials say the delay comes as the White House prioritizes other matters, including a US-Russia summit and a separate semiconductor probe expected to conclude first. The pharmaceutical sector has so far been exempt from broader Trump-era tariffs, though future duties could affect global suppliers despite trade deals with key allies, according to Reuters.