Novo Nordisk executive Mike Doustdar stood behind US President Donald Trump as he presented an agreement with Novo Nordisk to reduce the prices of weight loss medication at the White House in November last year. (Archive photo). Photo: Jonathan Ernst/Reuters
Trump plans tariffs on generic drugs in two years
US President Donald Trump announced on Truth Social that pharmaceutical companies have two years to build facilities for generic medicine production in the US before tariffs are imposed.
From August 1, the tariff on generic drugs entering the US will remain at zero percent for two years....
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