Trump announces 100% tariffs on imported generic pharmaceutical drugs
Summary
President Donald Trump announced a plan to impose tariffs on imported generic pharmaceutical drugs starting in August 2028. The tariffs will gradually increase from 0% to 100% and then to 200% to encourage more drug production within the United States.Key Facts
- From August 1, 2026, imported generic drugs will have a 0% tariff for two years.
- After two years, the tariff will rise to 100% for one year and then increase to 200% afterward.
- The goal is to bring generic drug manufacturing back to the US.
- President Trump wants companies to build factories and equipment in the US or face tariffs.
- This tariff applies only to generic drugs, not patented, branded, or new drugs.
- More than 90% of medicines sold in the US are generic drugs, according to the FDA.
- Last year, major drug companies made deals to avoid tariffs on some branded drugs.
- In April, Trump signed an order for 100% tariffs on branded drugs unless companies agree to price controls or domestic production.
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