The administration's global 10 percent duties-which President Donald Trump imposed in the wake of the Supreme Court defeat of his 2025 "reciprocal" tariffs-will expire on Friday.

President Donald Trump is expected to roll out new tariffs on imports from around 60 trading partners, including India, China, Canada and the EU, as the US seeks to extend its trade measures.

Imported generic drugs will face a 100 percent tariff beginning in August 2028 unless manufacturers move production to the U.S., President Trump said in a social media post Tuesday. Trump wrote on Truth Social the move is aimed at “reshoring” generic pharmaceutical production in America.

President Donald Trump has announced tariff plans for all imported generic drugs, which experts warn could have implications on supply.

Add Yahoo as a preferred source to see more of our stories on Google. US President Donald Trump speaks during an event in the Oval Office of the White House on June 22, 2026 in Washington, DC. [Getty Images] US president Donald Trump has vowed to impose a ...

Donald Trump is poised to unleash fresh tariffs on dozens of countries as soon as this week, even as his advisers warn him against risking the economic shocks of his original trad

President Trump says he would impose a 100% tariff on the goods of any European nation that decides to impose a digital service tax on U.S. tech companies. Mr. Trump, writing on social media, said some nations “are close to actually doing this,” and he ...

Although the administration aims to maintain stability with trading partners, concerns over living costs and rising fuel prices complicate the situation.

Tariffs on imported generics would rise to 100% in August 2028 and 200% a year later, threatening a supply chain that fills more than 90% of U.S. prescriptions

The threat comes a day after the European Union approved tariff reductions on U.S. goods.

Donald Trump is preparing to unleash a fresh wave of tariffs on dozens of countries within days, brushing aside warnings from his own advisers.