{"id":5002,"date":"2025-02-04T18:09:06","date_gmt":"2025-02-05T02:09:06","guid":{"rendered":"https:\/\/abovecloud.xyz\/?p=5002"},"modified":"2025-02-04T18:09:21","modified_gmt":"2025-02-05T02:09:21","slug":"trumps-china-tariffs-are-likely-to-drive-up-drug-prices-and-spur-shortages","status":"publish","type":"post","link":"https:\/\/abovecloud.xyz\/?p=5002","title":{"rendered":"Trump’s China tariffs are likely to drive up drug prices and spur shortages"},"content":{"rendered":"\n

President Donald Trump\u2019s executive order\u00a0imposing a 10% tariff on Chinese imports<\/a>\u00a0is likely to drive up the cost of generic drugs in the United States and exacerbate drug shortages, experts say.\u00a0<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

About half of generic drugs people take in the U.S. \u2014 including cancer drugs, antibiotics and blood thinners \u2014 are made entirely overseas, where manufacturing is cheaper<\/a>, said Dr. Aaron Kesselheim, a professor of medicine at Harvard Medical School whose research focuses on prescription drugs.<\/p>\n\n\n\n

An even greater share of the active pharmaceutical ingredients, or APIs, used in drugs comes from abroad: around 80%, he said. <\/p>\n\n\n\n

China is increasingly playing a role in making these ingredients<\/a>, according to data shared by United States Pharmacopeia, a nonprofit group that focuses on the safety of the drug supply chain. In 2023, China had about 219 API facilities, up from 134 in 2021, according to the group. India remains the largest global producer of APIs, with about half of all facilities.<\/p>\n\n\n\n

Generic drugs account for about 90% of all prescriptions filled, according to the Association for Accessible Medicines<\/a>, a trade group that represents generic drugmakers.<\/p>\n\n\n\n

Unlike brand-name drugs, generics are sold at low prices, often close to the cost they were made, meaning any disruptions, like tariffs, can lead to shortages <\/a>and force companies to pass on the cost to consumers, Kesselheim said.<\/p>\n\n\n\n

While shortages are likely to be immediate, \u201cI would expect prices will increase in the next few months,\u201d he said. <\/p>\n\n\n\n

\u201cWhen generic drugs are sold through distributors and through the supply chain, there\u2019s usually a contract,\u201d he said. \u201cIt might take a few months before some of those contracts turn over and we get newer contracts with higher prices.\u201d <\/p>\n\n\n\n

Vimala Raghavendran, vice president of informatics product development at the U.S. Pharmacopeia, said that typically, companies hold several months of inventory of API.<\/p>\n\n\n\n

\u201cThus the effects of any policy changes may take a while to trickle through the supply chain,\u201d she said.<\/p>\n\n\n\n

In a statement, John Murphy III, president and CEO of the Association for Accessible Medicines, called on the Trump administration to provide an exemption.

\u201cFrom the base ingredients to the finished products, U.S. medicines rely on a global supply chain that is already stressed and in need of strengthening,\u201d he said. \u201cGeneric manufacturers simply can\u2019t absorb new costs.\u201d<\/p>\n\n\n\n

The White House did not immediately respond to a request for comment.<\/p>\n\n\n\n

Rena Conti, an associate professor at Boston University\u2019s Questrom School of Business, said there are protections in place that may help prevent higher prices from directly hitting consumers.<\/a> That includes state anti-price gouging laws and a Biden-era tax on drugmakers that raise the prices of their drugs faster than inflation.<\/p>\n\n\n\n

\u201cSo if any manufacturer wants to go ahead and increase their prices, they\u2019re going to pay a different tax on the other end if they do so,\u201d she said.  <\/p>\n\n\n\n

In the near term, Conti said, she\u2019s concerned about hospitals and pharmacists stockpiling drugs to avoid paying a higher cost \u2014 something that could exacerbate disparities in the U.S. She said she has already heard about pharmacies going through their drug lists to see which products might be vulnerable to tariffs. <\/p>\n\n\n\n

\u201cBetter resourced hospitals and pharmacies have enough money or wherewithal to call their wholesaler to see if they can buy more of certain types of products,\u201d she said. \u201cMom-and-pop pharmacies or small hospitals, rural hospitals that don\u2019t actually buy a lot of drugs to begin with, they\u2019re going to have difficulty getting things if they\u2019re panic-buying.\u201d <\/p>\n\n\n\n

Arthur Caplan, head of the division of medical ethics at NYU Langone Medical Center in New York City, said it\u2019s unlikely that the tariffs will spur production in the U.S. as generic drugs<\/a> aren\u2019t a lucrative enough business for companies to invest in the cost of building new manufacturing facilities.<\/p>\n\n\n\n

Trump\u2019s tariffs, he said, also mean that the U.S. can\u2019t rely on its neighbors \u2014 Mexico and Canada \u2014 to help mitigate the issue.<\/p>\n\n\n\n

On Saturday, Trump imposed 25% tariffs on the bordering countries. The tariffs on Mexico have been delayed a month<\/a> after the countries reached an agreement. <\/p>\n\n\n\n

\u201cIt will take months but drug prices will increase,\u201d Caplan said.

Reprinted from NBC News<\/p>\n","protected":false},"excerpt":{"rendered":"

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