Trump pharma and chip tariffs may start this month, sparking price hikes, inflation, and global trade ripples.

Healthcare costs are already expensive for many. In some states, tariff-related price hikes are showing up in 2026 rate filings -- see if yours is one of them.

President Donald Trump suggested Tuesday his administration intends to impose a 200% tariff rate on pharmaceutical imports into the U.S., which would take effect in a year, a major fee that could affect some $200 billion in imports and raise prices on Americans’ medications if it takes effect.

Trump said late Tuesday his administration will begin implementing pharmaceutical tariffs next month, making good on months of threats.

US President Donald Trump indicated he's likely to implement tariffs on pharmaceuticals by the end of the month and suggested semiconductor tariffs could follow, potentially coinciding with broader "reciprocal" rates set for Aug.

Trump has announced reciprocal tariffs on dozens of American trading partners, as well as new tariffs on copper and pharmaceuticals.

Johnson & Johnson expects a smaller hit from tariffs than it predicted earlier in the year, despite uncertainty over the prospects of new U.S. levies on pharmaceuticals. J&J now predicts tariffs will add $200 million to costs for 2025,

President Trump said he was likely to impose tariffs on pharmaceuticals as soon as the end of the month, starting with a "low tariff"