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Impacts of Tariffs & Trade Policy on the Bio/pharmaceutical Industry
1.
To what extent will Trump-era tariffs affect your organization’s operations or supply chain?
Significantly
Moderately
Slightly
Not at all
Unsure
2.
How will Trump-era trade policies influence your company’s long-term supply chain strategy?
Accelerate reshoring of production
Diversify supplier base
Increase investment in trade compliance
No significant change
Other (please specify)
3.
Which areas of your organization have been or will be most impacted by Trump administration tariffs or trade restrictions? (
Select all that apply
)
API sourcing
Raw materials
Finished product imports/exports
Equipment procurement
R&D
Regulatory timelines
No significant impact
4.
Will your organization take any of the following steps in response to tariffs? (
Select all that apply
)
Shift sourcing to non-tariffed countries
Invest in domestic manufacturing
Apply for tariff exclusions
Absorb cost increases
Pass costs onto customers
Take no specific action
Other (please specify)
5.
Do you expect future US administrations to maintain or roll back these types of tariffs affecting pharma/biopharma trade?
Expect tariffs to continue or expand
Expect partial rollback
Expect full rollback
Unsure
6.
How prepared is your organization to manage ongoing or future trade policy shifts?
Very prepared
Somewhat prepared
Not very prepared
Not prepared at all
7.
Do you have a dedicated trade compliance function/team in your organization?
Yes
No
In progress/planning
Not sure
8.
Do you believe that the Trump administration's tariffs will be effective in encouraging the reshoring of bio/pharmaceutical manufacturing to the US?
Very effective
Somewhat effective
Not very effective
Not at all effective
Unsure
9.
What has been your organization’s biggest challenge related to tariffs or trade policy since 2018?
10.
What policy changes would most benefit your company and the broader biopharma industry?
11.
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