Trump Announces Generic Drug Tariff Plan: 0% For Two Years, 100% From 2028, 200% Thereafter
Trump Announces Generic Drug Tariff Plan: 0% For Two Years, 100% From 2028, 200% Thereafter Published By, Last Updated: July 22, 2026, 05:48 IST Trump
Trump Announces Generic Drug Tariff Plan: 0% For Two Years, 100% From 2028, 200% Thereafter Published By, Last Updated: July 22, 2026, 05:48 IST Trump announced steep tariffs on imported generic drugs starting August 2028 to boost US production. US President Donald Trump. (AFP file photo) US President Donald Trump on Wednesday announced the imposition of steep tariffs on imported generic drugs from August 2028, a move he said was aimed at onshoring production of such pharmaceutical products. “Effective August 1st, 2026, all Generic Drugs being brought into the United States will continue to have a TARIFF of ZERO PERCENT for a two year period of time, after which the TARIFF will be raised to 100% for a one year period of time, and 200% thereafter," he said in a post on his Truth Social platform.
News18 Newsletter Handpicked stories, in your inbox A newsletter with the best of our journalism submit Key Questions Answered How will these tariffs impact generic drug prices in the US? US President Donald Trump announced a phased tariff plan for imported generic drugs, starting with 0% for two years from August 1, 2026, then 100% in 2028, and 200% thereafter. The impact on US consumers will depend on manufacturer responses. What happens to drug manufacturers currently importing to the US? Drug manufacturers importing to the US will face a phased tariff plan announced by President Donald Trump.
Tariffs will be 0% from August 1, 2026, for two years, increasing to 100% for one year starting August 1, 2028, and then to 200% thereafter. About the Author News Desk The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers,... Read More Location: United States of America (USA) First Published: July 22, 2026, 05:48 IST News world Trump Announces Generic Drug Tariff Plan: 0% For Two Years, 100% From 2028, 200% Thereafter Disclaimer: Comments reflect users’ views, not News18’s.
Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy Loading comments...
The BriefWire