Trump Announces Plan to Impose Tariffs of Up to 200% on Generic Medications
· Telemundo McAllen (KTLM)
President Donald Trump has announced a plan to impose tariffs of up to 200% on essential generic medications by 2029, aimed at boosting pharmaceutical production in the U.S. According to Trump, tariffs will start at 100% in August 2028, increasing to 200% the following year. For the next two years, generic medications will be imported without tariffs. Trump emphasized that the goal is to 'relocalize' production within the country, penalizing companies that do not establish manufacturing plants. The plan also maintains existing tariffs on patented medications, with exceptions for companies that negotiate prices with the government.
AI summary · Source: Telemundo McAllen (KTLM) →
