US President Donald Trump has announced significant import duties on foreign pharmaceuticals, kitchen cabinets, furniture, and heavy trucks. This new tariff regime will take effect on October 1.
According to President Trump, this decision is aimed at protecting American industries and preserving national interests. Specifically, a 25 percent duty will be imposed on foreign-made heavy trucks.
Most significant is the proposed 100 percent tariff on pharmaceutical products, although exemptions would be provided to companies setting up production facilities in the US. This move is intended to strengthen the US pharmaceutical industry and reduce dependence on foreign supplies.
India, known as the “pharmacy of the world,” contributes 20 percent of the global supply of generic drugs and 60 percent of vaccines. India has the largest number of FDA-approved plants outside the United States.
India exported pharmaceutical products worth ₹1.87 lakh crore ($21.7 billion) in the 2024-25 fiscal year, with the US being the most prominent destination. The US is India’s largest pharmaceutical market, accounting for 31 percent of Indian pharma exports.
According to the Pharmaceutical Export Promotion Council of India, India exported $3.6 billion worth of medicines to the US in 2024, and $3.7 billion worth of pharmaceutical products in the first half of 2025. This policy change is likely to have a significant impact on the Indian pharma industry.
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This new tariff game is a wild ride! Trumps playing hardball with trucks and pills, aiming to make America pharma-fiercely independent. Good luck with that 100% tax on drugs, especially targeting India – the worlds pharmacy! Imagine Indian manufacturers needing US visas just to export their own stuff now. 😂 The math on that one is about as simple as understanding FDA jargon, I guess. US industries might get a temporary boost, but the pharma export numbers look like theyre about to get a serious reality check. Hope the exemptions are as easy to get as a joke in Washington. Keep an eye on those global supply chains; theyre about to get a very interesting workout! 🤷♂️💊laser marking machine
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