EconomyPublished: 22 July 2026 at 04:38
Trump Announces Tariffs on Generic Drugs Starting in August 2028
Former U.S. President Donald Trump has announced plans to impose tariffs on generic drugs beginning in August 2028. The tariffs would start at 100% and rise to 200% after one year.
Donald Trump has stated his intention to impose tariffs on generic drugs, with the measures set to start in August 2028. According to the announcement, the initial tariff rate would be 100%. One year later, in August 2029, the tariff rate would increase to 200%. The report was published by Politico Europe. No further details have been provided regarding the specific drugs affected or the rationale behind the policy. If implemented, the proposal would represent a significant shift in trade policy concerning pharmaceutical products.
