Trump's Pharmaceutical Tariffs Impact
This is a Canada news story, published by edmontonjournal, that relates primarily to the U.S. news.
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pharmaceutical importsedmontonjournal
•Health
Health
How Donald Trump’s tariff on pharmaceuticals could cause headaches for American patients and Canadian companies
72% Informative
In 2023 , $9.1 billion of Canada ’s $46 billion pharmaceutical products crossed the border to the United States .
16 per cent of Canada 's drug supply is imported from the U.S. Overall, Canada imports about $30 billion a year of pharmaceuticals from around the globe.
Building a single pharmaceutical manufacturing plant can take years and can cost hundreds of millions to make one drug.
U.S. tariffs will drive up the cost to import drugs into Canada , association says.
Small and regional distributors, already struggling, may be particularly vulnerable to these impacts.
Manufacturers may not be able to pass on the cost increases in our price-regulated market.
Some companies may choose to stop importing into Canada altogether.
VR Score
76
Informative language
75
Neutral language
56
Article tone
semi-formal
Language
English
Language complexity
66
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
10
Source diversity
6