Fact Sheet: President Donald J. Trump Bolsters National Security and Strengthens U.S. Supply Chains by Imposing Tariffs on Patented Pharmaceutical Products
Fact sheetTariff raisedPublished 04/02Open the original
Summary
President Trump imposes tariffs under section 232 on patented pharmaceuticals and their ingredients. The tariffs take effect in 120 days for certain large companies and in 180 days for smaller companies; products from the European Union, Japan, Korea, Switzerland and Liechtenstein face 15%, while UK products face a lower tariff and some firms may get 0% or 20% through January 20, 2029.
By industry
- Healthcare & Drug Pricing1 trading day−0.3%p15 stocks5 trading days−1.9%p15 stocks20 trading days−7.9%p15 stocks
“imposed tariffs on patented pharmaceuticals and their ingredients”
- Tariffs & Reshoring1 trading day−0.8%p15 stocks5 trading days+1.6%p15 stocks20 trading days+0.3%p15 stocks
“imposed tariffs on patented pharmaceuticals and their ingredients”
- Korean Investment in the U.S.1 trading day−0.7%p15 stocks5 trading days+2.7%p15 stocks20 trading days+0.2%p15 stocks
“If a pharmaceutical product is from the European Union, Japan, Korea, or Switzerland and Liechtenstein”
Day by day after the announcement
| Day | Healthcare & Drug Pricing stocks | S&P 500 |
|---|---|---|
| 26/04/01 | 0.0% | 0.0% |
| 26/04/02 | −0.2% | +0.1% |
| 26/04/06 | +1.0% | +0.6% |
| 26/04/07 | −0.0% | +2.9% |
| 26/04/08 | +1.6% | +3.0% |
| 26/04/09 | +1.8% | +3.7% |
| 26/04/10 | +0.6% | +3.8% |
| 26/04/13 | +0.6% | +4.8% |
| 26/04/14 | +0.7% | +6.0% |
| 26/04/15 | −0.3% | +6.8% |
| 26/04/16 | +0.3% | +7.1% |
| 26/04/17 | +1.4% | +8.4% |
| 26/04/20 | +0.4% | +8.3% |
| 26/04/21 | −0.1% | +7.9% |
| 26/04/22 | −0.6% | +8.4% |
| 26/04/23 | +0.7% | +8.3% |
| 26/04/24 | −0.5% | +8.9% |
| 26/04/27 | −0.6% | +9.3% |
| 26/04/28 | +0.5% | +8.7% |
| 26/04/29 | +1.1% | +8.8% |
| 26/04/30 | +2.0% | +9.9% |
Korean stocks in these industries
- Samsung Biologics 207940
- Celltrion 068270
- SK Biopharmaceuticals 326030
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Hyundai Motor Company 005380
- Samsung Electronics 005930
- SK hynix 000660
- LG Energy Solution 373220
- Hanwha Ocean 042660
- Korea Zinc 010130
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Neil Mehta
BuyCoupang
BuyCoupang
CPNG
$56M
3,000,000 sh
$56M
Filed 03/13
Traded 03/12
- Neil Mehta
BuyCoupang
BuyCoupang
CPNG
$42.9M
2,332,863 sh
$42.9M
Filed 03/13
Traded 03/13
- Neil Mehta
BuyCoupang
BuyCoupang
CPNG
$37.6M
2,017,241 sh
$37.6M
Filed 03/13
Traded 03/11
- Steven H. Collis
BuyElevance Health
BuyElevance Health
ELV
$869.5K
3,000 sh
$869.5K
Filed 03/06
Traded 03/05
- Alan Armstrong
Full saleAmgen
Full saleAmgen
AMGN
$15K–$50K
Self
$15K–$50K
Reported 07/21
Traded 03/27
- Alan Armstrong
BuyUnitedhealth Group
BuyUnitedhealth Group
UNH
$15K–$50K
Self
$15K–$50K
Reported 07/21
Traded 03/27
- Glencore International
SellCentury Aluminum
SellCentury Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
- Glencore
SellCentury Aluminum
SellCentury Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
- Glencore
SellCentury Aluminum
SellCentury Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
- Greg Creed
BuyWhirlpool
BuyWhirlpool
WHR
$198.8K
3,305 sh
$198.8K
Filed 03/04
Traded 03/03
- Alan Armstrong
BuyGeneral Motors
BuyGeneral Motors
GM
$1K–$15K
Self
$1K–$15K
Reported 07/21
Traded 03/27
- Alan Armstrong
Full salePfizer
Full salePfizer
PFE
$50K–$100K
Self
$50K–$100K
Reported 07/21
Traded 03/24
- Alan Armstrong
Full saleMerck
Full saleMerck
MRK
$15K–$50K
Self
$15K–$50K
Reported 07/21
Traded 03/27
- Alan Armstrong
BuyAbbVie
BuyAbbVie
ABBV
$15K–$50K
Self
$15K–$50K
Reported 07/21
Traded 03/27
- Alan Armstrong
BuyJohnson & Johnson
BuyJohnson & Johnson
JNJ
$15K–$50K
Self
$15K–$50K
Reported 07/21
Traded 03/27
- Keith Harvey
SellKaiser Aluminum
SellKaiser Aluminum
KALU
$8.2M
47,001 sh
$8.2M
Filed 04/29
Traded 04/27
- Alan Armstrong
BuyElevance Health
BuyElevance Health
ELV
$1K–$15K
Self
$1K–$15K
Reported 07/21
Traded 03/27
- Alan Armstrong
BuyMcKesson
BuyMcKesson
MCK
$1K–$15K
Self
$1K–$15K
Reported 07/21
Traded 03/27
- Alan Armstrong
BuyFord Motor
BuyFord Motor
F
$1K–$15K
Self
$1K–$15K
Reported 07/21
Traded 03/27
- Alan Armstrong
Full saleELI Lilly
Full saleELI Lilly
LLY
$1K–$15K
Self
$1K–$15K
Reported 07/21
Traded 03/27