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Trump announces 100% tariffs on imported generic drugs from August 2028

8 sourcesFirst reported 5 hours agoUpdated 38 minutes ago

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Donald Trump announced a plan to impose a 100% tariff on imported generic pharmaceutical drugs starting in August 2028. The tariff aims to encourage pharmaceutical companies to move their production to the United States. Following the initial tariff, an increase to 200% is proposed starting in 2029. Manufacturers will have a two-year period to adjust to the new tariffs before they take effect. This announcement was shared by Trump via a post on his platform, Truth Social.

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On July 21, 2026, U.S. President Donald Trump announced plans to impose a 100% tariff on imported generic pharmaceutical drugs, set to take effect in August 2028. During this announcement, Trump emphasized that the goal of this measure is to encourage pharmaceutical companies to relocate their production to the United States. Producers of generic drugs will have two years to adjust their manufacturing operations in response to the impending tariffs.

According to various reports, if the tariffs are implemented as described, they would initially be set at 100% and are expected to rise to 200% in 2029. This policy is part of Trump's broader strategy to strengthen domestic production and protect American jobs and the public, as stated during his announcement on social media platform Truth Social. The move has been described as a significant policy shift aimed at reshaping the generic drug market in the U.S.

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Trump announces 100% tariffs on imported generic drugs from August 2028

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