The administration has repeatedly said it will impose steep pharmaceutical tariffs but has not followed through on them.
Source: [NYT Business](https://www.nytimes.com/2026/07/21/business/trump-tariffs-generic-drugs.html)
The latest tariff salvo underscored Trump's goal of reshoring low-cost drug production, but displacing established suppliers like India won't be easy.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Developing story — details emerging. Check the source link for the latest updates.
Economists had expected inflation to fall slightly.
Economists had expected inflation to fall slightly.