What is the final tariff rate planned for generic drugs by August 2028?

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The final planned tariff rate for generic drugs by August 2028 is 200%.

Trump announced that imports of generic drugs would face a tariff of 100% starting August 2028, after a period at 0% beginning from August 1, 2026. He also stated that after the initial one-year period at 100%, the tariff would rise again to 200%.
Tariff increase timeline starting August 1, 2026
Trump said that from August 1, 2026, all generic drugs entering the United States would continue to receive zero tariffs for two years. That zero-tariff period is therefore set to end in August 2028.
100% tariff level beginning in August 2028
He stated that starting in August 2028, the tariff on imported generic drugs would increase to 100%. This level would last for one year.
Final tariff level planned after the 100% period
Trump then said that after the one-year period at 100%, the tariff would be raised further to 200%. That makes the final planned tariff rate by August 2028’s timeline rise to 200%.
Scope limited to imported generic drugs
The announcement specifically refers to imported generic drugs entering the United States. The tariff rates mentioned—0%, then 100%, then 200%—apply within that import category.

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What is the final tariff rate planned for generic drugs by August 2028?

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