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Generics Industry: New Tariff Announcement Heightens Uncertainty

Keonhee Kim

Jul 22, 2026

President Donald Trump announced on July 21 that generic drugs imported to the US will face a 100% tariff for one year starting in August 2028 and 200% thereafter. The shares of all generic drug manufacturers under our coverage are trading down on the news.

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Generics Industry: New Tariff Announcement Heightens Uncertainty

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