President Trump announced that beginning August 1, 2026, imported generic drugs will remain tariff-free for two years before facing a 100% tariff for one year a

President Trump announced that beginning August 1, 2026, imported generic drugs will remain tariff-free for two years before facing a 100% tariff for one year and a 200% tariff thereafter. He said the policy is designed to encourage pharmaceutical companies to bring generic drug manufacturing back t…