Statement from AMCP CEO Susan A. Cantrell on President Trump’s New Tariffs

Alexandria, Va., February 3, 2025 – The Academy of Managed Care Pharmacy (AMCP) issued the following statement from AMCP CEO Susan A. Cantrell, MHL, RPh, CAE, regarding President Trump’s new and proposed tariffs on U.S. imports from Canada, Mexico, and China:

“Although President Trump’s new and proposed tariffs aim to level the playing field between American industries and our foreign competitors, we are concerned about the unintended, adverse consequences they may have on the cost of medicines in the U.S.

Tariffs on China and other key countries in the global pharmaceutical supply chain could lead to increased costs for medicines, ultimately burdening U.S. patients and the health care system. Many critical medications and raw materials are sourced internationally, and imposing tariffs risks driving up prices, creating supply disruptions, and impeding patient access to essential treatments.

With that in mind, we respectfully urge caution when instituting tariffs that may negatively impact prescription drug costs and potentially contribute to drug shortages. We ask the administration to consider exemptions for pharmaceutical products or deliberate implementation timelines in order to maintain efficient and affordable delivery to patients. That way, those patients who need these prescriptions the most are protected.”

About AMCP
AMCP is the professional association leading the way to help patients get the medications they need at a cost they can afford. AMCP’s diverse membership of pharmacists, physicians, nurses, biopharmaceutical professionals, and other stakeholders leverage their specialized expertise in clinical evidence and economics to optimize medication benefit design and population health management and help patients access cost-effective and safe medications and other drug therapies. AMCP members improve the lives of nearly 300 million Americans served by private and public health plans, pharmacy benefit management firms, and emerging care models. Visit www.amcp.org.

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