Amidst the tariff issue, the US President announced the imposition of 100% tariff on branded and patented pharmaceutical products from 1st, 2025.
Donald Trump shared this news on his 'Truth' social media and stating, '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.
he added, "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. Thank you for your attention to this matter!
Amidst this announcement, India has a pharma export market of $30 billion, thus this news has a major impact on this market.
For information, the Ind