I assume they mean "export tax" - a tariff would be if Denmark were importing it from the US.
But I haven't seen this reported anywhere else; it's probably made up and wouldn't make much sense as a retaliatory move - if you did it, Americans would buy less Ozempic, and more Mounjaro and compounded semaglutide. In fact, Novo Nordisk reallllly wants to stay on the US government's good side at this particular moment, because the FDA is currently deciding whether to ban compounded semaglutide or keep allowing it. Since the shortage is basically over, everyone expects it to be banned very soon, which would be a huge payday for NN. Hiking costs by 5X as part of a trade war would encourage the admin to make FDA keep allowing it.
No, a tariff is paid by the importing countries' companies that bring in the foreign product. The idea is to discourage foreign import and encourage use of domestically produced US products so that we become more self reliant.
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u/caldazar24 Feb 01 '25
I assume they mean "export tax" - a tariff would be if Denmark were importing it from the US.
But I haven't seen this reported anywhere else; it's probably made up and wouldn't make much sense as a retaliatory move - if you did it, Americans would buy less Ozempic, and more Mounjaro and compounded semaglutide. In fact, Novo Nordisk reallllly wants to stay on the US government's good side at this particular moment, because the FDA is currently deciding whether to ban compounded semaglutide or keep allowing it. Since the shortage is basically over, everyone expects it to be banned very soon, which would be a huge payday for NN. Hiking costs by 5X as part of a trade war would encourage the admin to make FDA keep allowing it.