Washington: US President Donald Trump has announced that he will impose tariffs of up to 200 percent on imports of generic drugs in phases.
Under the plan, which will take effect from August 1, 2026, the tariff will be zero percent for the first two years. The tariff will increase to 100 percent in the third year and 200 percent after that, Trump said. He said the policy is to encourage the production of generic drugs within the United States, he said through Truth Social.
The decision is expected to have repercussions for India, the world's largest supplier of generic drugs. India accounts for about 40 percent of the volume of the US generic drug market.
Of India's total pharmaceutical exports of $25.8 billion in the 2024-2025 financial year, $9.7 billion was exported to the US.
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