President Trump threatens 100% tariffs on imported generic drugs
Headline from KYMA Yuma
President Trump issued his warning in a post to social media Tuesday night, noting the tariff would go into effect in August of 2028 in order to "reshore generic pharmaceutical production into America."
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The White House said the policy will be implemented under Section 232 authority, giving drugmakers two years to shift generic drug production to the U.S. before tariffs rise.
US President Donald Trump announced a 100% tariff on imported generic pharmaceutical drugs on Tuesday. The tariff, which aims to bolster US pharmaceutical production, is set to go into effect in August 2028.
WASHINGTON — Generic drug manufacturers will have two years to move production to the U.S. or face a 100% import duty from August 2028, President Donald Trump said in a social media post Tuesday. That levy would then double a…
President Donald Trump said Tuesday evening that he planned to impose tariffs on imported generic medicines, his latest threat aimed at bringing pharmaceutical manufacturing back to the United States.
Tariffs on imported generics would rise to 100% in August 2028 and 200% a year later, threatening a supply chain that fills more than 90% of U.S. prescriptions
President Trump plans to impose tariffs on imported generic medicines, his latest threat aimed at bringing pharmaceutical manufacturing back to the U.S.
Imported generic drugs will face a 100 percent tariff beginning in August 2028 unless manufacturers move production to the U.S., President Trump said in a social media post Tuesday. Trump wrote on Truth Social the move is aimed at "reshoring" generic pharmaceutical production into America.
Imported generic drugs will face a 100 percent tariff beginning in August 2028 unless manufacturers move production to the U.S., President Trump said in a social media post Tuesday. Trump wrote on Truth Social the move is aimed at “reshoring” generic pharmaceutical production in America.
President Trump says imported generic medicines could face tariffs as high as 100% beginning in 2028, with rates potentially doubling the following year.
President Trump issued his warning in a post to social media Tuesday night, noting the tariff would go into effect in August of 2028 in order to "reshore generic pharmaceutical production into America."
President Donald Trump is threatening to impose a 100% tariff on imported generic medications , which could raise costs for Americans unless drugmakers can move production to the U.S. by August 2028. In his latest swipe at the pharmaceutical industry, Trump posted on Truth Social Tuesday that import…
Health policy experts say higher import duties could increase costs and strain supplies while offering no guarantee manufacturers will shift production to the U.S.
The cost of generic drugs will likely change drastically after the latest tariff announcement from President Donald Trump. The president said in a post on Truth Social that he would allow generic drug imports to have zero tariffs for two years, then face two large hikes afterward.
WASHINGTON — Generic drug manufacturers will have two years to move production to the U.S. or face a 100% import duty from August 2028, President Donald Trump said in a social media post Tuesday.
