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Trump’s Generic Drug Tariff Poised To Hit India Hard
Bloomberg Television· 2026-07-23 21:10
President Donald Trump has said that generic drugs will face 100% import duty from August 2028 unless they move production to the US. The move is poised to disrupt trade and among the worst hit could be India. India is the biggest exporter of generic medicines to the US with more than a third coming from manufacturers in the country.Oral contraceptives and drugs used to treat hypertension and depression are among the medicines that risk being impacted. The US is also India's biggest market which threatens b ...