The "deal" Trump announced with Europe on Sunday puts a 15% tariff on pharmaceuticals imported into the United States from the European Union, which Reuters reported could cost pharmaceutical companies as much as $19 billion.
For example, the diabetes and weight-loss drugs Ozempic, Wegovy, Mounjaro, and Zepbound are all manufactured in the EU. So are biologics like Humira and Stelara, which treat everything from Crohn's disease, ulcerative colitis, arthritis, to psoriasis. Keytruda—a miracle cancer drug that helps the body's own immune system fight a number of deadly cancers like melanoma, lung, and lymphoma—is also manufactured in the EU and will be impacted by Trump's tariffs.
Even more concerning for the MAGA crowd is that Botox is also manufactured in Ireland, which could spike the cost of the cosmetic injectable that Mar-a-Lago members load their faces with. Viagra is also made in Ireland, but we don't want to speculate who in the MAGA-sphere uses that drug to avoid losing our lunch.