Trump announces 0% tariffs on generic drugs for 2 years, then 100-200% duties
- Posted on July 22, 2026
- By Financial Express
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- 1 min read
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Trump announces 0% tariffs on generic drugs for 2 years, then 100-200% duties
US President Donald Trump announced that imported generic drugs will face 0% tariffs for two years starting August 1, followed by 100% and 200% tariffs to encourage domestic production and reduce reliance on imports.
