Could your generic medications get more expensive? Trump’s new tariff plan raises big questions

President Donald Trump is threatening to impose a 100% tariff on imported generic medications, which could raise costs for Americans unless drugmakers can move production to the U.S. by August 2028. In his latest swipe at the pharmaceutical industry, Trump posted on Truth Social Tuesday that imported generic medicines would be subject to a 100% tariff beginning in August 2028 that would rise to 200% in August 2029. The president’s goal is to reshore production “to protect the people of the…