Trump Sets August 1 Start for Generic Drug Tariff Clock, Warns of 200% Duties: Companies Must 'Build Plant and Equipment' in US
Trump says imported generic drugs face 0% tariffs for 2 years, before 100% and then 200% duties.
The government is giving drug companies two years to move their manufacturing to America, or they'll pay huge extra costs on imported medicines. When you look at medicine stocks, watch if companies build factories here—that shows how seriously they're taking this new rule.
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