Pharma stocks bleed after Trump announces upto 200% tariff on generic drugs

Pharmaceutical stocks came under pressure on Wednesday after US President Donald Trump unveiled a phased tariff plan for imported generic medicines, raising concerns over the long-term outlook for one of the industry's biggest export markets.

Jul 22, 2026 - 10:00
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Pharma stocks bleed after Trump announces upto 200% tariff on generic drugs
Pharmaceutical stocks came under pressure on Wednesday after US President Donald Trump unveiled a phased tariff plan for imported generic medicines, raising concerns over the long-term outlook for one of the industry's biggest export markets.

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