Trump Sets 100% Tariff on Generic Drug Imports After Two-Year Grace Period

Trump Sets 100% Tariff on Generic Drug Imports After Two-Year Grace Period

Trump announces a phased tariff schedule on generic drugs to force pharmaceutical production back to the United States, threatening rates of up to 200%.

Richard Miniter
First Published: July 21, 2026, 3:09 PM ET

Donald J. Trump announced a phased tariff schedule on imported generic drugs, threatening rates of up to 200% to force pharmaceutical production back onto American soil.