🚨🚨 President Trump announces 0% tariffs on imported generic drugs for 2 years starting August 1.
Tariffs will then rise to 100% for one year, before increasing to 200% beginning in August 2029.
Trump said the phased tariff plan is designed to reshore generic pharmaceutical manufacturing to the US.
Trump said his policy on patented and branded drugs remains unchanged.
Trump signed an April order imposing a 100% tariff on branded drug imports unless manufacturers move production to the US or accept government pricing deals.
$LAB $NIGHT $SMCI
Tariffs will then rise to 100% for one year, before increasing to 200% beginning in August 2029.
Trump said the phased tariff plan is designed to reshore generic pharmaceutical manufacturing to the US.
Trump said his policy on patented and branded drugs remains unchanged.
Trump signed an April order imposing a 100% tariff on branded drug imports unless manufacturers move production to the US or accept government pricing deals.
$LAB $NIGHT $SMCI