Trump grants two-year customs exemption for generic drugs, taxes to follow
मुख्य बिंदु
- Trump announced that imported generic drugs will not be subject to customs duties for two years, followed by an increase in taxes in 2028.
- The customs duties, which are planned to increase to 100 percent in August 2028, are expected to reach 200 percent a year later.
- According to the US Food and Drug Administration (FDA) data, 69 percent of the generic drugs distributed in the country in 2025 are produced abroad.
- The White House supports the policy on the grounds of national security, aiming to reactivate domestic production facilities.
आंकड़ों में
US President Donald Trump has announced a new industrial strategy for imported generic drugs. Accordingly, generic drugs coming from abroad will continue to enter the US exempt from customs duties until August 1, 2028. This transition period is considered a preparation period granted to pharmaceutical companies to move and strengthen their production to the US.
How the implementation will take shape after the two-year period will become clear step by step. In 2028, customs duties are planned to increase to 100 percent and reach 200 percent a year later. The White House has not yet issued an official presidential decree on the matter; therefore, details such as how investing companies will be exempted from the tax or what the exceptions will be remain unclear.
This step carries the US's domestic production incentive policy, previously initiated for patented drugs, into the field of generic drugs. The US is highly dependent on foreign countries, particularly Asia, for generic drug production. The Trump administration aims to bring back the production of essential and widely consumed drugs to the country, citing national security.
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अक्सर पूछे जाने वाले प्रश्न
- When will the customs duties for generic drugs start?
- Imported generic drugs will remain tax-free for two years, and customs duties will start to be applied from August 1, 2028.
- What will be the customs tax rates applied at the end of the process?
- Customs duties are planned to increase to 100 percent on August 1, 2028, and reach the 200 percent level in 2029.
- What is the level of US foreign dependency in generic drugs?
- Approximately 69 percent of the generic drugs distributed in the US and only 11 percent of their active ingredients are produced domestically; production is largely dependent on foreign sources.
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- TechNews (科技新報)·
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