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Trump plans steep tariffs on generic drugs starting in 2028
The policy would be phased in, with the stated goal of encouraging generic drugmakers to shift more production to the United States.
Plans to impose steep tariffs on generic drugs starting in 2028 would be rolled out on a phased schedule, according to reporting from CNBC Markets.
The stated intent is to pressure generic drugmakers to move production onshore in the United States, CNBC World said.
The New York Times Business also noted that the administration has previously signaled steep pharmaceutical tariffs but has not carried them out to date.
Taken together, the coverage suggests the proposal is designed to change where generic drugs are manufactured rather than only adjust near term prices.