
US President Donald Trump is going to announce the tariff once again. This time they are talking about imposing heavy tariffs on pharmaceutical companies. President Trump said that he is going to put tariffs on pharmaceuticals. We will soon put very heavy tariffs on pharma. My job is to protect American dreams. I have to protect my American citizens and this is also my job. Trump further said that I am going to put so much tariff on these companies that they will find it better to come directly to America and setup their unit.
Speaking at a program by the National Republican Congressal Committee, Donald Trump said that these pharmaceutical companies will bring their operations and factories to America by speaking at a program by the National Republican Congressal Committee. Earlier, the Trump government had exempted pharmaceuticals and semiconductor from the scope of its reciperoch tariff policy. But now they are seen turning.
India’s biggest supplier of medicines, Trump is an ax on his leg?
If Trump also impose new tariffs on imports from pharma companies as he really puts new tariffs, then one of the biggest suppliers of medicines to America, India can be greatly affected. In 2024, the value of India’s total pharmaceutical exports was US $ 12.72 billion. Out of these, the supply of $ 8.7 billion went to America. Whereas only pharma products worth $ 800 million come to India from there. So far, India imposes 10.91 percent tariffs on these medicines coming from America. At the same time, America is not putting any tariff on Indian medicines. In the tariff announcement of April 2, Trump kept the Forma sector out and no additional tariff was imposed on it. But now they are talking about increasing the trump.
According to the Times of India report, 4 out of ten medicines written in America in 2022 came from Indian companies. In fact, due to drugs from Indian companies, the US healthcare system saved US $ 219 billion in 2022 and a total of $ 1.3 trillion from 2013 to 2022. Meaning America is saving money by eating our generic medicine. In the next five years, the US is expected to save an additional $ 1.3 trillion US dollars from the generic drugs of Indian companies.
If India removes the tariff from American pharmaceutical companies to calm Trump, then it will suffer a loss of $ 50 million and it is tolerable. But if Trump imposes a tariff of 26 percent on pharma in the second round, then the pharmaceutical companies of India will get a tremendous shock. Due to this, Indian pharmaceutical companies selling medicines in America will go to loss. They will have to increase their drug prices due to tariffs and this will hurt the American healthcare system.
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