PoliticsNDTV
Generic Drugs Face Trump's Tariff Shock: Zero For 2 Years, 100% In 2028, 200% After
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President Trump's policy phases in tariffs on generic drugs starting at 0% for two years, reaching 200% after 2028.
The tariff schedule begins August 1, 2026, with incremental increases to incentivize domestic production.
The policy aims to boost US manufacturing of generic medicines, reducing reliance on imports.
The announcement impacts global pharmaceutical supply chains, particularly affecting Indian generic drug exporters.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani