India, April 9 -- US President Donald Trump has announced that his "long-promised" tariffs on pharmaceutical drugs will be announced very soon.

"We are going to be announcing very shortly a major tariff on pharmaceuticals," Donald Trump said at a fundraising gala for House Republicans on Tuesday, without providing any additional details.

"Once we do that, they're going to come rushing back into our country, because we're the big market," Trump said. "The advantage we have over everybody is that we are the big market."

Trump has long bemoaned a lack of domestic pharmaceutical production and has repeatedly promised tariffs to bring more capacity into the country, according to Bloomberg.

In March, he said that the White House would annou...