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The Economic Times

Business

Trump's Generic Drug Tariffs Explained: What it means for Indian pharma before the 200% storm

India United States Donald Trump Economy CIPLA

US President Donald Trump's latest tariff announcement has bought India's pharmaceutical industry time, but not certainty.

The US President on Wednesday unveiled a phased tariff plan for imported generic medicines that gives manufacturers a two-year window before imposing sharply higher duties. Under the proposal, generic medicines will continue to enter the US duty-free for two years from August 1, after which imports will attract a 100% tariff for one year before the levy doubles to 200%.

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