The cost of generic drugs will likely change drastically after the latest tariff announcement from President Donald Trump.
The president said in a post on Truth Social that he would allow generic drug imports to have zero tariffs for two years, then face two large hikes afterward.
‘The objective of this Policy is to protect the people of the United States.’
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Trump said the tariffs were designed to encourage drug companies to move their manufacturing operations back to the U.S.
“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%
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