India Trump Tariff Archives -

Whoch Indian Companies are likely to be affected if president donald trump imposes tarifs on pharmaceutical drugs

Admin — Wed, 09 Apr 2025 09:47:11 +0000

Trump tarifs effect: US President Donald Trump has announced that a long promise made to put his tariff on pharmaceuticals will be fulfilled soon. During the Fund Resting Program organized for House Republican on Tuesday without sharing any additional information, Trump said, “We are going to put up big tariffs on pharmaceuticals soon.”

He said that if we do this that those companies will return to our market. This is because we are big markets. According to Bloomberg, President Trump has been expressing his grief over the lack of domestic medicine production for a long time. In such a situation, Trump has been repeatedly promising to put tariffs for more production of medicines in the country.

Pharmaceutical companies will have tariffs

In March, he said that the White House will soon announce the tariff on pharmaceuticals. With this, he had indicated that America would not be able to stay out of this region for a long time. His remarks have been made at a time when the tariff imposed on countries around the world by Trump has created a furore in the global stock market including American.

If the tariff is announced on pharmaceuticals by Trump, it will have a widespread impact on Indian pharmaceutical companies exporting to America. Speaking to the experts of the drug sector, the Reuters said, most of the generics or popular medicines are sent to the US in the US. This is currently surcharged on this. Whereas India is levied a tax of 10% on medicines being exported from America.

Which companies will be affected?

According to Reuters, about one -third of India’s total drug exports are exported to the US. In March 2024, Biocon and Mumbai based Lupin in Bengaluru earned 44% and 37% from the US. Laurus Labs, a Hyderabad -based Indian multinational pharmacy and biotechnology company, also earned around 17% from the North American market.

According to Reuters, Sun Pharma, India’s largest drug manufacturer, had earned 32% of its total earnings in America in the last financial year. Apart from this, other firms such as Dr. Reddy, Aurobindo Pharma, Zydus Lifescienes and Gland Pharma also have a lot of export in America.

Also read: RBI Mpc Meeting: ‘I am not Sanjay of Mahabharata’, Why did RBI governor suddenly say on Trump’s tariff

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America accused India of imposing 100% tariff, will we increase India’s difficulties from April 2

Admin — Tue, 01 Apr 2025 05:44:56 +0000

US on Monday accused some countries including India that they are imposing a lot of tariffs on American products. The White House said it is wrong to do so and these countries have caused a lot of damage to American exporters. & Nbsp;

White House Press Secretary Karolin Levitt said that countries like India, Japan and European Union have put a lot of tariff on American goods. & nbsp;

India accused of imposing 100 percent tariff

Karolin Levitt says that India imposes 100 percent fee on American agricultural products, which makes it difficult for American products to reach big markets like India. He further said, ‘This fee is so high that it has become almost impossible to bring American goods into the Indian market.’ & nbsp;

In addition, Levitt also mentioned 50 percent on US dairy products from the European Union, 700 percent on American rice from Japan and 300 percent on American butter and cheese from Canada. According to him, high tariffs imposed by all these countries are causing great problems for American traders. & nbsp;

New & nbsp;

US President Donald Trump has already announced that he is going to implement a new tariff plan from April 2. Which can bring a big change in business policy. Trump says that if any country will levy a fee on America, then America will also impose the same fee on that country. He said, ‘Now all this will happen equally. Everyone will know what fees are being imposed in the country with which we do business. & nbsp;

Motiv of new fee is to provide justice to American business & nbsp;

The White House has clarified that reciperook tariffs starting from April 2 are being implemented to provide justice to American traders. Lewitt said that this step is being taken in the interest of American producers, so that they can get equal opportunities in the whole world. He also said that President Trump will declare this new policy on Wednesday and it will be considered a historic step.

America has strongly objected to the high fees levied by India and other countries and has announced to implement the new defendant fee from April 2. The move aims to give American traders equal opportunities for their products, so that they do not face much challenge in foreign markets. Now it remains to be seen what will affect the global trade with this step.

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