Business & Economics

Trump Imposes 100% Tariff on Imported Brand-Name Drugs

On 2 April 2026 President Trump signed a Section 232 order slapping a 100 % duty on patented pharmaceuticals made abroad, with lower interim rates for firms that on-shore production or cut U.S. prices, effective within 120–180 days.

By Underlines Team

Focusing Facts

  1. Tariffs take effect 31 Jul 2026 for large drugmakers and 29 Sep 2026 for smaller ones; firms with approved U.S. manufacturing plans pay 20 %, otherwise 100 %.
  2. Imports from the EU, Japan, South Korea and Switzerland face a capped 15 % rate, while the U.K. gets 10 % under a separate deal; generics are fully exempt.
  3. The proclamation cites that 53 % of patented drugs sold in the U.S. are currently manufactured overseas.

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