It doesn’t take a PhD in economics to understand that tariffs increase prices. A recent YouGov poll found that 73% of Americans think that tariffs imposed by President Trump have increased prices for the things they buy.
That’s why the greatest threat to U.S. national security and health care affordability doesn’t come from imports, but from tariffs.
A survey of health care industry experts found broad agreement that new tariffs would disrupt supply chains and increase hospital and health system costs, resulting in reductions in equipment purchases and upgrades. The consulting firm PwC projects that tariffs affecting the pharmaceutical, life science, and medical device industries could cost as much as $63 billion a year.
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