Thursday, July 23, 2026

July 2026: TRUMP PRESIDENCY Trump announces 100% tariffs on generic pharmacy drugs – with 200% rate soon to follow

Trump announces 100% tariffs on generic pharmacy drugs – with 200% rate soon to follow
"President Donald Trump announced the imposition of steep tariffs on imported generic drugs from August 2028, a move he said was aimed
at onshoring production of such pharmaceutical products.

"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% thereafter," he said in a post on his Truth Social platform." 
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