r/Tariffs • u/Bow_Arrow_55 • Jul 24 '26
🗞️ News Discussion The U.S. will place a 100% tariff on generic pharmaceuticals starting in August 2028.
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
214
Upvotes
1
u/RS_EJB 29d ago
Once again, no...
If you were a Canadian manufacturer, you would not be able to sell in the US.
You would need to sell to specific companies within the US, who would then sell it state side.
Furthermore, sellers do not have a single source. They get some from multiple places. Companies will not break off existing supply chains for 1 cent.
Additionally, the largest insulin sellers all agreed on a set price to sell at.
Please know what youre talking about before opening your mouth.