Trump Announces 100% Tariff on Generic Drug Imports Starting August 2028

On July 21, 2026, President Trump announced a 100% tariff on generic drug imports, effective August 2028, giving manufacturers two years to shift production to the US. Generics fill roughly nine in ten US prescriptions. The tariff extends the 100% duty already applied to branded drugs since October 2025, when price-cut negotiations with drugmakers stalled.