Trump announces phased tariff plan for imported generic medicines
US President Donald Trump has announced a phased tariff plan for imported generic medicines, saying the policy is intended to push pharmaceutical manufacturing back to the United States. The announcement was made in a post on Truth Social and sets out a schedule that would begin on 1 August. It immediately drew attention in markets because of the scale of India's role in supplying generic drugs to the US.Under the plan, generic medicines entering the US would face a zero tariff for two years, before rising to 100% for one year and then to 200% from the third year onward.... [Continue Reading]
360LiveNews | 22 Jul 2026 07:00 LONDON
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