New Delhi, Sept. 26 -- India's pharmaceutical exports to the United States has come to the spotlight after President Donald Trump on Thursday announced that he is imposing a 100 per cent tariff on branded and patented pharmaceutical imports.
The new US tariffs on medicines will come into effect on October 1, Trump announced in a Truth Social post.
"Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America. "IS BUILDING" will be defined as, "breaking ground" and/or "under construction." There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started," Trump announced on T...
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