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 generic medications as part of an initiative to boost pharmaceutical production in the United States. According to Trump, tariffs will start at 100% in August 2028 and increase to 200% in 2029. For the next two years, generic drugs will be tariff-free. The aim is to encourage companies to relocate production to the U.S., penalizing those that do not comply. Trump also confirmed that the existing tariff structure for patented medications will remain unchanged, with some exceptions for companies that agree to price deals with the government.
AI summary · Source: Telemundo McAllen (KTLM) →
