Angered by Canada’s anti-tariff advertisement, US President Donald Trump canceled all trade talks with Canada. He accused Canada of airing a fraudulent advertisement. In this advertisement, former US President Ronald Reagan was seen speaking against the tariff.

‘Canada is influencing the US Supreme Court’

The US President posted on Social Truth and said that Canada betrayed us and was caught. He said, “Canada fraudulently ran a massive advertisement claiming that Ronald Reagan did not like tariffs, when in fact he liked tariffs for the sake of our country and its national security. Canada is trying to illegally influence the US Supreme Court in one of the most important decisions in our country’s history.”

Canada’s fraud caught: Trump

Trump said, “Canada has been cheating on tariffs for a long time. It is charging taxes of up to 400 percent from our farmers. Now they and other countries can’t take advantage of America. Thank you to the Ronald Reagan Foundation for exposing this fraud.”

God bless America: Trump

Donald Trump also posted about the ongoing case in the US Supreme Court regarding tariffs. He wrote, “The United States is rich, powerful, and nationally secure again, thanks to tariffs. The most important case ever (tariffs) is in the US Supreme Court. God bless America.”

The US Supreme Court will begin hearing on the legality of Donald Trump’s tariffs on November 5. The important issue of this hearing is the tariff, but there will also be a hearing on Trump’s unlimited powers. Trump claims that he has imposed tariffs using emergency powers.

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Angered by China’s rare earth minerals, US President Donald Trump announced 100 percent tariff on Beijing. Regarding this, China has now warned that if America moves ahead with the plan to impose additional duties on Beijing’s goods, we will take appropriate steps to protect our interests. This has increased the tension between the world’s two largest economies.

‘America should immediately correct its wrong traditions’

According to Reuters report, Chinese Foreign Ministry spokesperson Lin Jian said regarding the tariff that America should immediately correct its wrong traditions. He said that any action should be based on equality, respect and mutual benefit.

Total tariff imposed on China increased to 130 percent

The US President said that the new tariffs imposed on China and US controls on critical software will be effective from November 1, 2025. Now a total tariff of 130 percent will be imposed on sugar imports in America. The US President had said that 100 percent tariff will remain in force, although its time limit may change. Trump was asked whether there are still plans to impose 100 percent tariffs on China on November 1? On this Trump said, yes… this is what it is right now. Let’s see what happens.”

Tariffs will worsen relations: China

China has tightened controls on the export of rare earth minerals needed to manufacture high-tech products. About 90 percent of the world’s rare earth processing work is done in China, which is used in everything from smartphones to solar panels. Beijing imposed control on these substances at a time when trade talks between China and the US are ongoing and no final decision has been taken.

China’s Commerce Ministry has accused America of misusing export control measures against China. China said that by threatening to increase tariffs, relations with China will deteriorate instead of improving.

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Donald Trump Tariff News: On one hand, there is turmoil at the global level due to the tariff policy of US President Donald Trump. Meanwhile, Trump has withdrawn his decision of 100 percent tariff imposed on generic medicines. After this decision, Indian pharma companies have heaved a sigh of relief. Nearly half of the generic medicines supplied to America are exported from India. In such a situation, Indian companies will get a lot of benefit from it.

Besides, American citizens who are dependent on pharma companies of India and other countries for such medicines will also benefit from it. Due to 100 percent tariff, a huge jump in the prices of specific generic medicines was expected in the American market. According to information received in a report, India alone exports 47 percent of the generic medicines supplied to America.

Demand for Indian medicines in American market

The export rate of Indian medicines to America is increasing rapidly. Exports of Indian pharma companies to reach $30 billion in the financial year 2025. In which a growth of about 31 percent is being seen every year. The demand for Indian generic medicines has also increased in the American market. The direct effect of which is visible in the pharma export data. After this decision of Trump, it is expected that the business of generic medicines will grow faster. India is such a big producer of medicines that it is known as the pharmacy of the world.

Trump had announced 100 percent tariff

Recently, Trump had announced through social media that America will impose 100 percent tariff on certain medicines. If a company produces medicines in America, then this tariff rate will not apply to them. After which a decline in the shares of pharma companies was seen.

However, American citizens are largely dependent on Indian medicines. Many medicines like diabetes, blood pressure, cholesterol and antibiotics are exported from India in large quantities. On average, American citizens have to spend less for medicines sent from India. Therefore, demand for Indian medicines remains in the American market.

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Trump Tariff: The havoc of the tariff imposed by US President Donald Trump has created a stir in the global market. Although the pharmaceuticals, ie drugs, were exempted from it while applying the tariff, but President Trump has soon indicated to put big tariffs on it.

India’s industry has been dependent to a large extent in exporting medicines to America. In such a situation, if a tariff is imposed on it by Trump, then it can have a big effect. During a program by the National Republican Congressunal Committee, President Trump said that by imposing tariffs, pharmaceutical companies will be motivated to work in America.

According to the Pharmaceutical Export Promotion Council of India, America has been a major export market of Indian medicine. In FY 2024, India exported drugs worth $ 27.9 billion worldwide, out of which about 31%, ie $ 8.7 billion, was exported only to the US.

According to reports, India supplies about 45% generic medicines and 15% other medicines to the US. Pharmaceutical companies such as Dr. Reddy, Aurobindo Pharma, Zudus Lifescienes, Sun Pharma and Gland Pharma earns 30 to 50 percent of their total earnings from the US.

The experts warned that if a tariff is imposed on medicines on behalf of America, then it will affect both Washington and New Delhi. This will increase the production cost, the competitive price for the producer will end and the consumer will have to pay a higher price.

Experts of HDFC Securities told Financial Daily Mint that if a tariff is placed on the pharma on behalf of America, then it will have a bad effect on both its countries.

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Pakistan has planned to see the 29% tariff imposed by Trump’s administration as an opportunity rather than a challenge. Recently, Finance Minister Mohammad Aurangzeb said in a statement that Pakistan will use the change in US trade policy as an opportunity.

The US has decided to increase the tariff of 29% on the goods imported from Pakistan, which has created a big challenge in front of Pakistan’s exporters. However, the Finance Minister said that even in such difficult times, Pakistan will try to turn this challenge into opportunity. He said, ‘You should never miss the opportunity to take advantage of the good crisis. We are seeing it both as a challenge and opportunity. “

Washington will be sent high-level delegation

To solve this challenge, Pakistan is planning to send a high-level delegation to Washington. Finance Minister Aurangzeb said that after getting approval from the Prime Minister, this delegation will try to present Pakistan’s favor in the US and strengthen relations between the two countries.

Focus on economic reforms

The Finance Minister said that the Government of Pakistan is also working on various internal reforms. He appreciated the tax-revenue growth and said that by next month, Pakistan’s tax-revenue is expected to reach 10.6 percent. Apart from this, he also talked about a possible decrease in inflation fall and interest rates, which will improve Pakistan’s economic condition.

Improvement in energy sector and debt management

The Finance Minister also talked about reforms in the energy sector, where he announced a shortage of one-third in electricity rates for industries. Apart from this, the government has also extended the loan period in terms of debt management, which will help the government to reduce the burden of interest on loans.

Will you really get the benefit of this tariff

Neighboring country Finance Minister Aurangzeb may be talking about finding benefits in Trump’s tariff, but the Government of Pakistan is worried about this trade war and it is clearly visible. After the announcement of Donald Trump’s tariff, Pakistani Prime Minister Shahbaz Sharif has taken two committees on the matter immediately. A committee is formed under the leadership of Finance Minister Mohammad Aurangzeb. In this, economists and people of industry have been included.