Trump plans to impose a 200% tariff on imported drugs. Pharmaceutical companies are panicking and preparing to face the challenge of restructuring their supply chains.

date
12/07/2025
President Trump once again made tariff threats this week, saying he would soon announce comprehensive and high tariffs on the global pharmaceutical industry, adding more uncertainty to the already heavily stressed pharmaceutical industry. The proposed tariffs are as high as 200%, and although Trump suggested there might be a 12 to 18 month buffer period, industry analysts widely warned that even if the implementation is delayed, this measure will severely impact drug prices and pharmaceutical profit margins in the United States, and could even lead to disruptions in the supply chain and drug shortages.
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15 m ago
Chery has released a statement regarding the recent situation of Chery's application for the Ministry of Industry and Information Technology's new energy promotion subsidy. The statement mentioned that the Ministry of Industry and Information Technology recently published a notice on the preliminary review of the settlement and audit of the subsidy funds for the promotion and application of new energy vehicles from 2016 to 2020, and many car companies had their declared vehicles and amounts reduced. Chery and BYD were among those with significant reductions, leading to misunderstandings and speculation by some domestic and international media. Chery clarified that the 2025 subsidy application was a consolidation of the new energy vehicles that were not completed in the 2016-2020 applications. The subsidies would only be distributed after approval by the four ministries, and it is not the case that the companies had already received the subsidies and needed to refund them. Chery claimed that they truthfully reported the list of vehicles for which sales terminal receipts were not collected and denied any deception. Ultimately, the batch of vehicles with explanations were reduced due to "sales terminal receipt discrepancies" during the Ministry of Industry and Information Technology's publication, which is a normal process in the application. Claims of "violations," "repayment," "improper receiving," "fraudulent receipt of subsidies," and "returning them" were all misinformation.
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