#TrumpTariffsImpact

Wall Street Hopes Trump Backs Off — But the Damage Is Done

While many on Wall Street still bet Trump’s proposed 200% tariff on pharmaceuticals is just political theater, markets aren’t waiting to find out.

Pharma stocks have dropped over 4.3% globally since his latest remarks. The MSCI World Pharma Index is down, and volatility in healthcare ETFs has spiked by 27% in just three days. Investors aren’t ignoring the fact that even perceived trade barriers can ripple fast through global supply chains and pricing models.

Once again, politics is playing poker with markets. Bluff or not, real capital is on the table.