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International Business Times

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Trump's Tariffs Are Targeting Indian Drugmakers. Americans Could Soon Pay More for Generic Medicines, CEO Warns

Donald Trump India Namit Joshi The United States Dr Reddy Laboratories United States

Erez Israeli, CEO of Dr. Reddy's Laboratories, said that President Donald Trump's proposed tariffs on imported generic medicines would inevitably translate into higher prices for patients. (Credit: Spencer Platt/Getty Images)

Americans could soon pay significantly more for generic prescription drugs under the Trump administration's new tariff policy, according to the chief executive of one of India's largest pharmaceutical manufacturers.

Erez Israeli, CEO of Dr. Reddy's Laboratories, told CNBC's Inside India that President Donald Trump's proposed tariffs on imported generic medicines would inevitably translate into higher prices for patients in the United States because manufacturers operate on razor-thin profit margins.

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