Trump Announces New Tariffs on Generic Drugs to Take Effect in 2028 – As It Happened Donald Trump's latest move to impose tariffs on generic drugs made overseas has left many wondering what's behind this sudden about face.
The announcement, which will see a 100% tariff slapped on these imports starting in 2028, is the latest iteration of Trump's protectionist policies aimed at coercing foreign companies into building plants in the United States.
The fact that these tariffs won't kick in until 2028 suggests that Trump's primary goal isn't so much about generating revenue or safeguarding domestic industries but rather about exerting influence over the global pharmaceutical market.