Trump to Impose 100% Tariff on Generic Drugs by 2028, Rising to 200% in 2029
President Trump announced a plan to levy a 100% tariff on generic drug imports starting August 2028, escalating to 200% the following year.
In a policy announcement, President Trump stated he will impose a 100% tariff on generic drugs entering the United States, effective August 2028. The tariff is scheduled to increase to 200% beginning in August 2029.
The move targets generic pharmaceutical imports, aiming to boost domestic manufacturing. The announcement signals a long-term shift in trade policy, with potential implications for drug pricing and supply chains.
No further details on specific drug categories or exemptions were provided in the statement.
Source: The Kobeissi Letter