New Delhi: US President Donald Trump Thursday announced fresh tariffs of 100 percent on branded and patented pharmaceutical products while remaining unclear on generic drugs — which could impact Indian exports — while also announcing sweeping levies on kitchen cabinets, bathroom vanities and heavy trucks.
“Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America. ‘IS BUILDING’ will be defined as ‘breaking ground’ and/or ‘under construction’. There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started,” he said in a post on his social media platform Truth Social.
The European Union is the largest source of brande