Lilly plans to invest $27 billion in new US plants as Trump threatens pharmaceutical tariffs

[shockedcanadian]

We will see if Trump indeed pushes his tariffs or not. Imagine how many U.S companies are on the sidelines looking to NOT move back to America and they are waiting to see if he applies tariffs or not.

You would think that Trump would apply them earlier in his term rather than later to benefit his domestic economy most during his term. Companies have to be hedging their bets on the sidelines while others like Lilly believe he is serious and are getting in early.

MSN

www.msn.com

(Reuters) -Eli Lilly plans to spend at least $27 billion to build four new manufacturing plants in the U.S., the drugmaker said at a Washington press conference on Wednesday, as it grapples with the threat of drug import duties from the Trump administration.


The new plants will be built over the next five years, and are expected to create more than 3,000 jobs for skilled workers like engineers and scientists as well as 10,000 construction jobs, the company said.

Lilly said it will announce the locations of the sites later this year.

The announcement comes less than a week after U.S. President Donald Trump met with chief executives from major drugmakers, including Lilly CEO David Ricks, to discuss industry concerns such as tariffs on drug imports.

U.S. Secretary of Commerce Howard Lutnick said at the Wednesday press conference that Lilly was doing "exactly what the President was hoping would happen".

 

[Mac-7]

i wonder which country Lilly is manufacturing the drugs in now?

Communist China perhaps?

 

[shockedcanadian]

i wonder which company Lilly is manufacturing the drugs in now?

Communist China perhaps?

That's the problem. Talk about a serious national security threat.

Canada has cheap pharmaceuticals you guys should buy from us or even England.

 

[Mac-7]

That's the problem. Talk about a serious national security threat.

Canada has cheap pharmaceuticals you guys should buy from us or even England.

I would rather make them in America if possible

And certainly not china

 

[struth]

Trump bringing manufacturing jobs back!

 

[Scoutster]

 

[The Sage of Main Street]

i wonder which country Lilly is manufacturing the drugs in now?

Communist China perhaps?

Blame the Thief, Not His Fence

China is not our enemy; the outsourcing economic traitors are. Why shouldn't an emerging economy take advantage of our slavish permissiveness towards our corpie thugs?

 

[Mac-7]

Blame the Thief, Not His Fence

China is not our enemy; the outsourcing economic traitors are. Why shouldn't an emerging economy take advantage of our slavish permissiveness towards our corpie thugs?

Its both, but china most of all

The CEOs want to sell and make money

China wants to rule the world

 

[shockedcanadian]

Its both, but china most of all

The CEOs want to sell and make money

China wants to rule the world

And they will succeed barring a president with the courage to do what is right and necessary.

 

[The Sage of Main Street]

Its both, but china most of all

The CEOs want to sell and make money

China wants to rule the world

Chickenhawk Chorus of Chopsticks

We need to quit defending rich Asian Rim parasites. China is worth trillions of dollars in American-made sales.

Treason is not a corporate privilege. Confiscate all the profits made from outsourcing, including from retailers like Walmart.

 

[Mac-7]

Treason is not a corporate privilege. Confiscate all the profits made from outsourcing, including from retailers like Walmart.

Thats not how it works

Outsourcing was condoned by the US government

In some industries companies had to outsource or die

Were western corporations and western governments stupid for getting in bed with china?

Absolutely

But they were not traitors

 

[Independent thinker]

We will see if Trump indeed pushes his tariffs or not. Imagine how many U.S companies are on the sidelines looking to NOT move back to America and they are waiting to see if he applies tariffs or not.

You would think that Trump would apply them earlier in his term rather than later to benefit his domestic economy most during his term. Companies have to be hedging their bets on the sidelines while others like Lilly believe he is serious and are getting in early.

MSN

www.msn.com

(Reuters) -Eli Lilly plans to spend at least $27 billion to build four new manufacturing plants in the U.S., the drugmaker said at a Washington press conference on Wednesday, as it grapples with the threat of drug import duties from the Trump administration.


The new plants will be built over the next five years, and are expected to create more than 3,000 jobs for skilled workers like engineers and scientists as well as 10,000 construction jobs, the company said.

Lilly said it will announce the locations of the sites later this year.

The announcement comes less than a week after U.S. President Donald Trump met with chief executives from major drugmakers, including Lilly CEO David Ricks, to discuss industry concerns such as tariffs on drug imports.

U.S. Secretary of Commerce Howard Lutnick said at the Wednesday press conference that Lilly was doing "exactly what the President was hoping would happen".

This is what tariffs are all about, bringing business to the US and, therefore, jobs. Not to mention we don't need to be dependent on other countries for anything.

 

[The Sage of Main Street]

In some industries companies had to outsource or die
itors

Success's Status Quo Is Stagnant

 

[whitehall]

You have to stop relying on MSN for information. Tariffs punish foreign imports for unfair policies. Domestic producers are encouraged to establish production in the U.S.

 

[Dragonlady]

We will see if Trump indeed pushes his tariffs or not. Imagine how many U.S companies are on the sidelines looking to NOT move back to America and they are waiting to see if he applies tariffs or not.

You would think that Trump would apply them earlier in his term rather than later to benefit his domestic economy most during his term. Companies have to be hedging their bets on the sidelines while others like Lilly believe he is serious and are getting in early.

MSN

www.msn.com

(Reuters) -Eli Lilly plans to spend at least $27 billion to build four new manufacturing plants in the U.S., the drugmaker said at a Washington press conference on Wednesday, as it grapples with the threat of drug import duties from the Trump administration.


The new plants will be built over the next five years, and are expected to create more than 3,000 jobs for skilled workers like engineers and scientists as well as 10,000 construction jobs, the company said.

Lilly said it will announce the locations of the sites later this year.

The announcement comes less than a week after U.S. President Donald Trump met with chief executives from major drugmakers, including Lilly CEO David Ricks, to discuss industry concerns such as tariffs on drug imports.

U.S. Secretary of Commerce Howard Lutnick said at the Wednesday press conference that Lilly was doing "exactly what the President was hoping would happen".

Lilly had already pledged to spend $23 billion in 2020. From your link:

"Lilly, which has become the world's most valuable healthcare company worth more than $855 billion, said it has already committed $23 billion to boosting its U.S. manufacturing footprint since 2020."

They're just continuing the investment they began when Biden was in office.

 

[CowboyTed]

We will see if Trump indeed pushes his tariffs or not. Imagine how many U.S companies are on the sidelines looking to NOT move back to America and they are waiting to see if he applies tariffs or not.

You would think that Trump would apply them earlier in his term rather than later to benefit his domestic economy most during his term. Companies have to be hedging their bets on the sidelines while others like Lilly believe he is serious and are getting in early.

MSN

www.msn.com

(Reuters) -Eli Lilly plans to spend at least $27 billion to build four new manufacturing plants in the U.S., the drugmaker said at a Washington press conference on Wednesday, as it grapples with the threat of drug import duties from the Trump administration.


The new plants will be built over the next five years, and are expected to create more than 3,000 jobs for skilled workers like engineers and scientists as well as 10,000 construction jobs, the company said.

Lilly said it will announce the locations of the sites later this year.

The announcement comes less than a week after U.S. President Donald Trump met with chief executives from major drugmakers, including Lilly CEO David Ricks, to discuss industry concerns such as tariffs on drug imports.

U.S. Secretary of Commerce Howard Lutnick said at the Wednesday press conference that Lilly was doing "exactly what the President was hoping would happen".

Really haven't a clue how drugs are made...

Producing the pill and packages averages at about 4% of the cost of a drug.. If US want to go after that money, go on ahead...

The main cash is in the R&D and Clinical trials... To do this you need graduates, lots of them... Look at the countries and states doing this well, they have universities close by geared to produce these type of grads...

Guest what... They are all in Blue areas..

Top 10 Pharmaceutical Hubs in the USA | Proclinical Blogs

Looking for a job in the pharmaceutical and biotechnology industries or a regulatory affairs job in theUSA? Well, you have come to the right place. The US...

www.proclinical.com

If the want to produce pills and powders they might send that to the cheap Red States but the savings are relatively negible...

I spent three days in the largest manufacturing Pharma facility outside China and India in the world (that is what I was told). It was in a small town in Austria. Maybe a thousand people were working there (I doubt it), everything is automated... Lovely guys..