The Trump Administration’s10% tariffon all Chinese imports took effect on Feb. 4.
Many unknowns remain, but Americans will likely feel the effects of these tariffs at the pharmacy.
Its going to hurt because a lot of this is going to affectgeneric drugs.
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Our generic prices are going to skyrocket.
Many of the drug ingredients manufactured abroadlikeibuprofenandacetaminophenshow up in a variety of medications.
What About the Tariffs on Canada and Mexico?
Tariffs on Mexico and Canada could affect the price and availability of additional medications and medical devices.
Should You Stock Up on Medications?
Generic medications and store-brand supplements, which rely heavily on foreign-sourced active pharmaceutical ingredients, may be hit harder.
If manufacturers cannot quickly shift production to alternative suppliers, temporary stockouts may occur, Lim said.
With these tariffs uncertainty, you may consider stockpiling certain OTC medications or supplements.
Also, consider what combination medications you might want to stock up on, Alan added.
A lot of people like Excedrin, which is over-the-counter for theirmigrainesand theirheadaches.
Food and Drug Administration.Office of Generic Drugs 2022 annual report.
Department of Health & Human Services: Health Insurance Marketplace.Generic drugs.
American Liver Foundation.Common medicines with acetaminophen.
