AstraZeneca plans to spend $50 billion to expand manufacturing and research capabilities in the U.S. by 2030, the latest big investment by a pharmaceutical company reacting to President Donald Trump's tariff policy.

Washington

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

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AstraZeneca has announced a $50 billion investment in the United States by 2030, which will fund a new manufacturing facility in Virginia and expand existing operations in states such as California. The announcement comes as the US government considers new tariffs on pharmaceutical imports and pushes for more domestic production to reduce reliance on foreign medicines.

AstraZeneca's CEO, Pascal Sorio, stated that drug prices should be equalized globally, suggesting that prices outside the US may need to rise to support research and development costs. The company joins other major pharmaceutical firms, both European and American, in increasing US investments. AstraZeneca expects the initiative to create tens of thousands of jobs, though no specific figures were provided.

AstraZeneca to invest $50 bln in U.S. as pharma tariffs loom

AstraZeneca plans to invest $50 billion in the US by 2030. The Anglo-Swedish drugs giant said Monday that the money will fund a new factory in Virginia and expand other facilities in states including California. It's the latest big player to make a move as Donald Trump's threat of tariffs hangs over the pharmaceutical industry. He's also pushing companies to make more of their products in the US. And he wants American drug costs to fall to levels seen elsewhere in the world. Announcing the investment plans, AstraZeneca chief Pascal Sorio said prices did need to equalise. He said drug charges elsewhere would have to rise so that other countries contribute more to research and development costs. Exactly what Trump plans on tariffs remains unclear. Pharmaceuticals will be tariffed probably at the end of the month. Companies repeatedly threatened to impose duties on the sector, but has also said that firms will be allowed up to 18 months to get their act together. In a statement issued by the company, Commerce Secretary Howard Lutnick said Trump's tariffs will end America's long reliance on imported medicines. AstraZeneca's investment follows similar moves by European rivals like Roche, Sanofi and Novartis. US players including Eli Lilly have also stepped up domestic spending. AstraZeneca says its plan will create tens of thousands of new jobs, without giving a specific number.

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AstraZeneca to invest $50 bln in U.S. as pharma tariffs loom

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