Trade war with Canada could cause medication prices to rise in U.S.

President Trump’s trade war with Canada could cause medication prices to rise in the U.S. An analysis published in JAMA found that while only about 2 percent of U.S. medications come from Canada, the new tariffs would add another 750 million dollars that consumers would need to spend on those medications. The research also showed that tariffs could lead to shortages of certain medications.

Some aides suggest the tariffs are tools for negotiation on trade and border security; others say the revenues will help reduce the federal budget deficit. Commerce Secretary Howard Lutnick says they will force other nations to show Trump “respect.”

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