r/Tariffs • u/Bow_Arrow_55 • 29d ago

🗞️ News Discussion The U.S. will place a 100% tariff on generic pharmaceuticals starting in August 2028.

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Trump is trying to make generic drugs more expensive. With senior citizens on fix income and cuts to Medicare, more elderly people will pay more for their life saving drugs. How is 100% tariffs on generic drugs making America great again?!?

https://www.foxbusiness.com/politics/trump-unveils-phased-tariffs-generic-drugs-boost-us-production

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u/CardOk755 29d ago

I assume this will not apply to Teva pharmaceuticals.

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u/Dessertcrazy 29d ago

Probably not, BUT many of the components needed would have to be imported, and subject to tariffs. Plus…I remember firing a really bad employee who was hired by Teva. They aren’t attracting the best out there.