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Trump Sets Zero Tariffs on Overseas Generic Drugs for Two Years, Then 100 Percent and 200 Percent
President Trump announced tariffs on generic drugs made overseas that begin at zero percent for two years before rising to 100 percent and then 200 percent. Branded drugs are exempt. The policy seeks to encourage U.S. manufacturing of generic drugs.
Jul 21, 7:35 PM·1m read1 source
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President Trump announced new tariffs on generic drugs manufactured overseas, @MarioNawfal reported. The rates start at zero percent for two years, then rise to 100 percent and later to 200 percent. The policy targets pharmaceutical companies that produce generic drugs abroad.
It exempts branded drugs entirely. Trump stated the tariffs are meant to push companies to build manufacturing plants and equipment inside the United States. The announcement was posted on Truth Social and written by Daniel.
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