We recorded this on April 30, four weeks after Trump’s Liberation Day, when he announced broad tariffs on just about every country on earth, set off chaos in the stock and bond markets, walked some of those tariffs back, and in general upset the world economic order. 

If you’ve been reading the news, you know all of that. And if you work in the drug industry, then you’ve been watching and waiting very closely for another part of Trump’s plan, which is to put tariffs on pharmaceutical products to try and force more drugmakers to build manufacturing in the US.