Trump says generic drugs to face no US tariffs for 2 years before rates of 100% and 200% later

XLV•2026-07-21

Trump outlines staged tariff plan for generic drugs

WASHINGTON, July 21 (Reuters) - President Donald Trump said on Tuesday all generic drugs being brought into the U.S. will continue having a tariff of 0% for two years starting from August 1, after which the tariff rate will be raised to 100% for one year and to 200% thereafter.

Trump says generic drugs to face no US tariffs for 2 years before rates of 100% and 200% later

Trump outlines staged tariff plan for generic drugs

Related News

Nasdaq trade halt continues <PC.O> reason not available at 07:50 PM

Del Monte Corp Enters Amendment No. 3 To Credit Agreement On July 15, 2026 - SEC Filing

Nike to tighten online sales in China amid 'cluttered' marketplace

Fact II Acquisition Corp. Announces Termination Of Proposed Business Combination With Precision Aerospace & Defense Group, Inc.

Brief-East West Bancorp Inc Outlook Fy26 NII Growing 7% To 9% YoY - Presentation