Trump announces new tariffs on generic drugs to take effect in 2028 – US politics live

Per The Guardian, President Trump announced a major tariff policy targeting generic drugs manufactured overseas. The plan would impose a one hundred percent tariff taking effect after August first, twenty twenty-eight, maintaining that rate for one year before climbing to two hundred percent. The tariff announcement comes amid ongoing economic pressures—gasoline prices have jumped nearly a dollar from a year ago and now average just over four dollars a gallon, according to the American Automobile Association.

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