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Trump outlines plans for up to 200% tariffs on generic drug imports starting in 2028 (VTRS:NASDAQ)

Close-up View Of Capsule Pills In Blister Pack On Conveyor Belt In Pharmaceutical Factory

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President Donald Trump on Tuesday said generic drugs imported into the U.S. will face zero tariffs for two years starting August 1, before a 100% levy takes effect in August 2028 and rises to 200% a year later.

The phased schedule

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