Trump plans 100% tariff on generic drugs from August 2028
WASHINGTON – The US plans to impose a 100 per cent tariff on generic drugs imported to the US beginning in August 2028, President Donald Trump said in a social media post on July 21.
That levy would then double a year later to 200 per cent in August 2029.
“This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them,” Trump said in the post.
Trump said his administration’s tariff plans related to patented drugs would remain unchanged. Bloomberg
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