Trump plans a 200% tariff on imported generic drugs by 2029, raising fears of cancer drug shortages

“There is a reason why generics have been exempt from all the tariffs until now,” Brookings economist warns

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In his latest set of sweeping tariffs on the pharmaceutical industry, President Donald Trump has announced a 200% levy on imported generic drugs by the year 2029.

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Jacquelyn Cobb
Associate Editor
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Jacquelyn Cobb
Associate Editor

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