Trump teases tariffs on pharmaceuticals: ‘I know what the hell I’m doing’ – Washington Examiner
During a recent speech at the National Republican Congressional Committee dinner in Washington, D.C., President Donald Trump highlighted his plans for “Liberation day” tariffs, including potential tariffs on pharmaceuticals. He reassured Republicans that the current challenges surrounding his tariff initiatives are temporary, asserting that companies are returning to the U.S. to establish new manufacturing plants, abandoning their operations in Mexico.
Trump emphasized that the United States is poised to benefit from international negotiations and that foreign entities are eager to enter the U.S. market. He expressed confidence in his approach to trade, citing his belief that the U.S.had been taken advantage of in the past and that it was time for a shift in dynamics. The discussion also touched on his criticisms of china’s trade practices,including currency manipulation,and the critically important tariffs he has imposed in response.
Trump’s “Liberation Day” announcement has reportedly caused global concern, leading to volatility in the stock market as countries attempt to mitigate the impact of the impending tariffs.
Trump teases tariffs on pharmaceuticals: ‘I know what the hell I’m doing’
President Donald Trump assured Republicans that his “Liberation Day” tariffs will have a positive impact, teasing coming levies on pharmaceuticals as well.
Speaking at the National Republican Congressional Committee dinner in Washington, D.C., Trump sought to assure Republican critics that the chaos surrounding his tariffs is only temporary.
“Companies are pouring back into our country with plants. There’s a run on sites. There’s a run on old plants. Most of them are being ripped down for new plants. They’ve stopped building in Mexico, four or five plants, and … they’re all coming into the United States,” Trump said. “I know what the hell I’m doing. I know what I’m doing, and you know what I’m doing, too. That’s why you voted for me.”
Trump: I know what I’m doing pic.twitter.com/pa8v7bXksc
— Acyn (@Acyn) April 9, 2025
During his speech, Trump said the United States was carrying out a war with the world, then quickly backtracked to say it wasn’t a war at all.
“I do think that the war with the world, which is not a war at all because they’re all coming here. Japan is coming here as we speak. They’re in a plane flying, lots of them. All tough negotiators,” he said.
The president bemoaned that the world ripped off the U.S. “left and right” for years, but “now it’s our turn to do the ripping.”
He also said he’d soon tariff pharmaceuticals so pharmaceutical companies would leave China and other countries and “come rushing back into our country because we’re the big market.”
“This is the largest transaction in the history of our country. And don’t let some of these politicians go around saying … I’m telling you, these countries are calling us up, kissing my a**. They are. They are dying to make it here,” Trump said to laughter. “‘Please. Please make a deal. I’ll do anything. I’ll do anything, sir.’”
THE DEMOCRATS’ ‘BLACK MONDAY’ THAT NEVER HAPPENED
Trump also denounced Beijing for currency manipulation and other trade practices. The president instituted a 104% tariff on China after it instituted retaliatory tariffs.
Trump’s “Liberation Day” has sparked a worldwide panic as countries seek to avoid the new slew of tariffs, and the stock market has experienced a significant period of volatility.
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