President Donald Trump announced Tuesday that imported generic drugs will remain tariff-free for the next two years before facing steep new import duties, saying the move is designed to encourage pharmaceutical companies to manufacture more medicines in the U.S.
In a Truth Social post, Trump said all generic drugs imported into the U.S. will continue to face a 0% tariff beginning Aug. 1, 2026, for a two-year transition period. After that, the tariff will rise to 100% for one year before increasing to 200%.
"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," Trump wrote.
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Trump unveils phased tariffs on generic drugs to boost US production
- by: Brittany Miller
- 2026-07-21
- Source:
FOX Business
- 07/22/2026
blister pack with pills and medicine. Prescription drugs. Meds. Health & Wellness. Prescription medication. Pharmacy. Medical Drug. Pharmacological. Medication. by Melany @ tuinfosalud.com is licensed under Unsplash unsplash.com
