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Pharma giant Merck expects Trump's tariffs to cost the company $200 million

Merck & Co. anticipates that the Trump administration's tariffs on materials imported from China will cost the company approximately $200 million annually, as stated in a recent regulatory filing. The pharmaceutical giant, which imports bulk drugs and other materials from China, noted that these tariffs could lead to increased costs and potential disruptions in their supply chain. Merck is actively working to mitigate these impacts by seeking alternative sources for their materials and engaging with policymakers to address the issue. The company emphasized that while they are taking steps to minimize the effects, the tariffs represent a significant financial challenge.

Read the Full Fortune Article at:
[ https://fortune.com/article/merck-expects-trump-tariffs-to-cost-200-million/ ]