President Trump just announced a huge effort to bring generic drug manufacturing back to America, which is that after two years, he will impose a massive tariff on all generic drugs being imported. And it will get more massive after another year.
In other words, he’s giving generic pharmaceutical manufacturers two years to come back to America.
Here’s what he wrote:
Effective August 1st, 2026, all Generic Drugs being brought into the United States will continue to have a TARIFF of ZERO PERCENT for a two year period of time, after which the TARIFF will be raised to 100% for a one year period of time, and 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.
The objective of this Policy is to protect the people of the United States. The Policy on Patented, Branded, or Innovative Drugs, which has been so successful, will remain as is. Pharmaceutical Facilities are being built, at a level never seen before, all over the United States of America. Thank you for your attention to this matter! President DONALD J. TRUMP
Well that’s one way to do it. But his way seems to work and, like it or hate it, he’s trying to bring jobs back to America.