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Trump Plans to Impose 100% Tariffs on Generic Drugs Starting in 2028. What Would That Do to Prices?

A photo of Ibuprofen tables USP 200 mg in Copenhagen, Denmark, on Oct. 25, 2015. —Francis Dean—Corbis/Getty ImagesPresident Donald Trump announced this week that he plans to impose tariffs on generic drugs imported into the U.S. starting in 2028—a policy that experts say could have far-reaching consequences for the prices and availability of those medications.In a Truth Social post on Tuesday, Trump said that, starting in August 2028, all imported generic drugs will be slapped with a tariff of 100% for a year-long period, after which that rate will be raised to 200%.“This is done in order to R...