Survey: Impacts of Tariffs and Trade Policy on the Bio/pharmaceutical Industry

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Bio/pharmaceutical manufacturers are increasingly strained by evolving trade policies and tariff regimes, explained Jason Waite, international trade lead at Alston & Bird, in our recent interview series with him. Recent data from Enable show more than three-quarters of UK businesses have already lost profit due to tariffs, with 91% expressing concern over the impact of tariffs in the next 12 months and nearly one-third saying they are “extremely concerned.” Companies are being forced to reassess operations, supply chains, and pricing strategies. “Adding to the confusion, President Trump has also announced wider tariffs against specific countries,” wrote Mike Hollan in our sister publication Pharmaceutical Executive. “In some deals, such as the one he signed with the European Union, pharmaceuticals are included.”

For those operating in the bio/pharmaceutical sector, tariffs have disrupted not only finished product shipments but also the flow of active pharmaceutical ingredients and raw materials critical for production, explains Waite. Regulatory complexities and inconsistent enforcement further compound these challenges, complicating long-term planning for compliance, cost forecasting, and sourcing.

The heightened sensitivity to trade policy in the sector underscores a broader concern: that global pharmaceutical manufacturing now depends on more than regulatory approval and technical quality; it also hinges on geopolitical stability and predictability in trade relationships.

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Help us get a better picture of how new tariffs and trade policy have impacted you and your organization. Check back in a couple weeks to see where you stand among your peers! All who complete the survey will be entered for a chance to win a $25 Amazon gift card. See full rules below.

Survey Sweepstakes Official Rules

1. NO PURCHASE NECESSARY. OPEN ONLY TO LEGAL RESIDENTS OF THE UNITED STATES OF AMERICA WHO ARE AT LEAST 18 YEARS OLD AT TIME OF ENTRY. Void where prohibited by law. This sweepstakes begins on August 4, 2025 at 12:01 a.m. ET and ends on August 14, 2025 at 11:59 p.m. ET (“Promotion Period”). Sponsor’s computer is the official time keeping device for this Sweepstakes. Enter the Sweepstakes during the Promotion Period by: (1) Following the link to the Impacts of Tariffs & Trade Policy survey; and (2) fully completing and submitting your responses. Online entries must be received no later than 11:59 p.m. ET on August 14, 2025. Alternatively, anyone may enter the Sweepstakes by printing the words “Tarriff Sweepstake,” along with his or her name, title, date of birth, street address, city, state, zip, and phone number on a 3.5" by 5" white index card. Mail the card to MultiMedia Pharma Sciences, LLC Attn: C. Cole, 2 Commerce Drive, Cranbury, New Jersey 08512. To be considered eligible, entries must be received no later than August 14, 2025 at 11:59 p.m. ET. No methods of entry other than the methods specifically described herein will be accepted. Sponsor is not responsible for lost, late, misdirected or incomplete entries or unsuccessful attempts to enter. Incomplete entries and/or entries not received by the deadlines will not be eligible. Limit (1) one entry per person, per mailing address, per outer-mailing envelope, and per email address.

2. Winner will be selected in a random drawing from among all eligible entries received on or about August 15, 2025. Drawing will be conducted by MultiMedia Pharma Sciences whose decisions are final. Drawing times are subject to change or cancellation with or without notice. Odds of winning will depend upon the total number of eligible entries received. For winner’s name, send a separate self-addressed, stamped envelope to 2 Commerce Drive, Cranbury, NJ 08512 by September 15, 2025.

3. The prize (“Prize”) consists of the following: (1) Amazon Gift Card with Approximate Retail Value (“ARV”) of $25.00. Amazon is a registered trademark of Amazon.com, Inc. All rights reserved. Amazon.com, Inc. is not a participant or sponsor of this promotion.

4. The limit is one winner for the Prize. Winner will be notified by phone, email, overnight delivery or first class mail, as Sponsor shall determine. If Winner does not respond to Prize Notification as directed within five (5) days of the attempted notification date or if a Prize or Prize notification is returned as unclaimed or undeliverable, such Winner will be disqualified, Prize will be forfeited and an alternate winner will be selected. Upon disqualification, the Prize will be forfeited and no compensation will be given.

Prize is not transferable. No cash or prize substitutions, except the sponsor reserves the right to substitute prizes of equal or greater value. Acceptance of Prize constitutes permission to use that winner's name, likeness, and photo, and hometown for promotional and publicity purposes in any media

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6. Information collected by Sponsor in connection with this Sweepstakes may be used by Sponsor and shared with third parties involved in administration of the Sweepstakes. Information collected from entrants is subject to Sponsor’s Privacy Policy available at https://www.mjhlifesciences.com/privacy-policy/ Sponsor is not responsible for any disclosure made by the other or any third party. By participating in the Sweepstakes and providing your information, Entrants hereby agree to Sponsor’s collection and usage of their personal information and acknowledge that they have read and accepted Sponsor’s Privacy Policies.

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8. Sponsor reserves the right, to disqualify any individual found, in its sole opinion, to be tampering with the operation of the Sweepstakes; to be acting in violation of these Official Rules; or to be acting in an unsportsmanlike manner or with the intent to disrupt the normal operation of the Sweepstakes. Any use of robotic, automatic, macro, programmed, third party or like methods to participate in the Sweepstakes will void any attempted participation affected by such methods and the disqualification of the individual utilizing the same. CAUTION AND WARNING: ANY ATTEMPT TO DELIBERATELY DAMAGE ANY WEB SITE OR UNDERMINE THE LEGITIMATE OPERATION OF THIS PROMOTION IS A VIOLATION OF CRIMINAL AND CIVIL LAWS. SHOULD SUCH AN ATTEMPT BE MADE, THE SPONSOR RESERVES THE RIGHT TO SEEK DAMAGES OR OTHER REMEDIES FROM ANY SUCH PERSON(S) RESPONSIBLE FOR THE ATTEMPT TO THE FULLEST EXTENT PERMITTED BY LAW. Sponsor reserves the right to cancel, suspend and/or modify the Promotion, or any part of it, if any fraud, technical failures or any other factor beyond Sponsor’s reasonable control impairs the integrity or proper functioning of the Sweepstakes, as determined by Sponsor in its sole discretion. In such event, Sponsor reserves the right to award the prizes at random from among the eligible entries received up to the time of the impairment. If due to a printing, production or other error, more prizes are claimed than are intended to be awarded, Prize will be awarded in a random drawing from among all verified and validated entries. In no event will more than one Prize be awarded. In the event of any conflict with any Sweepstakes details contained in these Official Rules and Sweepstakes details contained in other Sweepstakes-related materials, the details of the Sweepstakes as set forth in these Official Rules shall prevail. 9. By entering, each entrant agrees for entrant and for entrant’s heirs, executors, and administrators (a) to release and hold harmless MultiMedia Pharma Sciences, LLC, Amazon.com, Inc, Meta, Inc., X Corp., LinkedIn Corporation and their respective officers, directors, and employees (collectively, “Released

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11. The Sponsor and Administrator of this Sweepstakes is MultiMedia Pharma Sciences, LLC, 2 Commerce Drive, New Jersey 08512.