Trump And Tariffs Top Generic Industry Concerns

At a lively AAM Access! conference in Florida, AAM President and CEO John Murphy acknowledged the negative effects of potential tariffs, but also suggested that the second Trump Administration could be an opportunity for the generics and biosimilars sectors to advance market reforms.

AAM believes its policy proposals could help advance Trump Administration goals. (David Wallace)
Key Takeaways
  • Generic industry stakeholders worry US tariffs on China and potentially other countries could further stress the generic drug industry.
  • AAM CEO John Murphy III said the new Trump Administration also presents opportunities to advocate for policy and legislative reforms.
  • Rhetoric about on-shoring US manufacturing likely will not translate to tangible policy, experts said.

While the Association for Accessible Medicines’ Access! 2025 meeting represented the generics and biosimilars group’s first annual conference with its

Immediately after a weekend that saw Trump cause global upheaval with threats of immediate tariffs on Canada, Mexico and China, as well as potential tariffs on the EU, attendees to the AAM event in Amelia Island, FL, heard Murphy’s views on the risks the

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