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President Donald Trump said on July 21 that he will impose a 100 percent tariff on all generic drugs starting August 2028 in a bid to encourage pharmaceutical companies to shift their production to the United States for national security reasons.
Trump said generic drugs brought into the United States would face no tariffs for the first two years from August 2026, before a 100 percent tariff takes effect in 2028.
The tariff would then rise to 200 percent a year later.
“This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them,” he wrote in a Truth Social post….
Trump said generic drugs brought into the United States would face no tariffs for the first two years from August 2026, before a 100 percent tariff takes effect in 2028.
The tariff would then rise to 200 percent a year later.
“This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them,” he wrote in a Truth Social post….
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