“The idea is that making foreign products more expensive would encourage U.S. companies to source more and consumers to buy more products at home.
But experts say there’s one major flaw with that plan: Very few generic drugs are actually made in the U.S.
Over the last several decades, generic drug manufacturing has increasingly moved overseas as production in the U.S. has become less profitable.
Dr. Aaron Kesselheim, a professor of medicine at Harvard Medical School, said that about half of all generic drugs are manufactured overseas and that about 80% of all active pharmaceutical ingredients, or APIs, are produced abroad, in China, India and other places.
Generic drugs are the backbone of medicines prescribed in the U.S.: They account for about 90% of all prescriptions filled, according to the Association for Accessible Medicines, a trade group that represents generic drugmakers.”
Generic drugs make up the majority of prescriptions filled in the U.S.
www.nbcnews.com
And that major flaw applies to far more than just generic drugs, it applies to most other consumer goods.
Indeed, US companies aren’t going to start producing goods in the United States because the cost of labor is too great; jobs won’t be ‘coming back’ to America the result of tariffs – goods will continue to be manufactured overseas with Americans forced to pay higher costs.
Further proof of Trump’s incompetence and stupidity and that Trump is unfit to be president.