By Admin 
The latest statement by US President Donald Trump has created a stir in the pharmaceutical industry. Trump has clarified that the US will now put a small tariff on the import of drugs, which can increase from 150 percent to 250 percent in the next 1 to 1.5 years. Its direct objective is to bring drug production to the US and reduce dependence on imports. But this decision raises many big questions for not only America, but India and the whole world.
Which medicines will be affected?
Trump has not yet clarified which drugs the tariff will apply to, but it is believed that it will be mainly on the import of generic and branded drugs. India has a large supplier of products like antibiotics, diabetes medicine, heart medications, cancer drugs and painkillers. Many of these drugs are essential for the US health system.
Why is India the biggest threat?
India is called “Pharmacy of the World” and America is the largest market for Indian generic medicines. If the US puts up to 250 percent tariffs, then it will be very expensive for Indian companies to sell medicines in America. Consequently:
Exports will decrease: India’s pharma industry, which exports billions of dollars every year, will have a direct impact on income.
Danger on jobs: Lowering drug production will also affect employment.
Supply chain will be interrupted: Production of many drugs can stop or be expensive.
What will be the effect on American consumers?
Trump’s strategy is to promote the “Make in America” campaign, but this can make drugs expensive for American consumers. The specialty of generic drugs is that they are cheaper than branded drugs. Import from countries like India to stop or be expensive means that patients with serious diseases like diabetes, heart and cancer will have to spend more.
Pressure on healthcare system
America’s healthcare system will also be affected by the increase in the price of medicines. There is already treatment expensive, in such a situation, insurance companies can increase the premium due to increasing tariffs, and those who do not have insurance will be treated and difficult for them.
Trump’s move may be in the direction of self -sufficiency for the US, but it is sure to affect the global healthcare system. Pharma hub -like economies like India will need to find an alternative market, while America will have to think whether this decision will not increase the health and pockets of its citizens.
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