Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times

Trump announces new generic drugs tariff plan: No tariffs for 2 years, then 100%, and then 200%

Giving generic drugmakers a two-year reprieve and setting the path for steep duties thereafter, US President Donald Trump on Tuesday announced a phased tariff plan for imported generic medicine.

Trump's new plan offers manufacturers a two-year window before imposing sharply higher import duties as part of a broader push to relocate pharmaceutical production to the US.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.