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Trump unveils phased tariffs on generic drugs to boost US production

The White House announced a phased tariff policy on generic drugs, utilizing Section 232 authority to incentivize U.S. production. Drug manufacturers will have a two-year period to relocate production to the U.S. before increased tariffs are implemented.

Impact Score

7/10

Tuesday, July 21, 2026 at 09:22 PM EDT

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