Source: France 24 [French state media]
“President Donald Trump said on Tuesday that all generic drugs brought into the US will continue to have a tariff of 0% for two years starting from August 1, after which the tariff rate will be raised to 100% for one year and to 200% thereafter. ‘This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them,’ Trump said in a post on Truth Social. … More than 90% of medicines sold in the US are generics, according to the US Food and Drug Administration. The policy on patented, branded or innovative drugs will remain unchanged, Trump said.” (07/22/26)