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Trump announces plan for 100% tariff on generic drug imports to boost US production

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Trump announces plan for 100% tariff on generic drug imports to boost US production

US President Donald Trump’s announcement of plans to raise tariffs on imported generic drugs has sent fresh shockwaves through the global pharmaceutical industry. Under the plan, a 100% tariff would be imposed from August 2028, rising to 200% in August 2029, unless manufacturers decide to invest in building factories and installing machinery in the United States within the specified timeframe.

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However, Thailand’s pharmaceutical export figures show that the United States is not a major market for Thai drug manufacturers. Exports to the US account for less than 5% of Thailand’s total pharmaceutical exports, suggesting that the direct impact of the proposed measure on the country may remain limited.

What Thailand must watch more closely, however, is the emerging competition to attract global pharmaceutical production. This could reshape investment flows and alter the industry’s competitive landscape over the longer term.

Read full article at Nation Thailand →

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