Trump Proposes Steep Tariffs on Generic Drugs to Boost Domestic Production

Former President Donald Trump has announced plans to impose 100% tariffs on generic drugs starting in August 2028, increasing to 200% a year later. This policy aims to incentivize the relocation of generic pharmaceutical manufacturing to the United States, which currently sources 70% of its supply from abroad. The proposal could significantly impact the U.S. drug supply chain and healthcare costs.