Trump proposes phased 100% tariffs on generic drugs starting 2028 to push U.S. production

Trump floated a plan to impose tariffs on generic drugs in a phased way: 0% for two years starting Aug 1, 2026, then 100% for one year, and 200% thereafter, meaning 100% tariffs would begin in August 2028 to push U.S. production. No formal order has been issued yet. The policy follows ongoing drug-pricing and trade actions, with exemptions for plants under construction and some trading partners; a White House spokesperson did not immediately respond.