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BREAKING: 🇺🇸Trump imposes major new tariffs on imported patented pharmaceuticals.
What it does: • 100% tariff on many imported patented (brand-name) drugs and key pharmaceutical ingredients • 15% tariff for some trade partners, including the EU, Japan, South Korea, Switzerland, and Liechtenstein • UK imports may face even lower tariffs under a separate deal • 20% tariff options for companies that commit to building or expanding drug manufacturing in the US • 0% tariff option for firms joining approved US programs tied to boosting domestic supply • Generic drugs are not targeted for now
🇮🇳 Impact on India: Limited for now, since India mainly exports generic medicines, not patented brand-name drugs.
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