India's pharmaceutical industry weighs implications of US tariffs on imported medicines
India's pharmaceutical industry is weighing the implications of new US tariffs on imported medicines. Under the plan, the US will impose a tariff of 100 per cent from August 2028 and raise it to 200 per cent in 2029 in an attempt to shift manufacturing of generic drugs back to America. Analysts say the move could push up prices of medicines for Americans. Rebecca Bundhun files this report for CNA from Mumbai.
India's pharmaceutical industry is weighing the implications of new US tariffs on imported medicines. Under the plan, the US will impose a tariff of 100 per cent from August 2028 and raise it to 200 per cent in 2029 in an attempt to shift manufacturing of generic drugs back to America. Analysts say the move could push up prices of medicines for Americans. Rebecca Bundhun files this report for CNA from Mumbai.
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