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The Economic Times
The Economic Times
National

US exempts India and 19 nations from 100% tariff on certain speciality drugs: Report

United States India Donald Trump Commerce Department

The United States will not impose an ad valorem tariff on certain speciality drugs and related ingredients imported from India, even as Washington prepares to levy a 100% tariff on specified patented pharmaceutical products from September 29, PTI reported on Monday.

An ad valorem tariff is a tax charged as a fixed percentage of the monetary value of imported goods.

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