Tariff on pharma too
US President Donald Trump is also preparing to put 200 percent tariff on drugs coming from outside. This will affect all those countries like India which supply medicines to America. However, India has been kept separate from this, but in the coming time, its effect will also be seen on India. But if this tariff is implemented on India too, then its pharmaceutical, organic chemicals and medical equipment will be on export. At the same time, the price of medicines will increase there due to tariffs will also cause damage to America. There may be a shortage of stock.
According to the AP report, the Trump administration has proposed to impose heavy duty on imported medicines. Authorities have publicly imposed a fee of up to 200 percent on some medicines. Experts say that this policy can increase prices and the supply chain may be interrupted.
What will be the effect on India
However, now it has been said to keep India away from pharma tariff. But if it is applicable, then it can have an impact on India’s export. According to trade economics data, India exported a total of US $ 8.72 billion pharmaceutical products to the US in 2024. This can also be affected.
Organic chemicals and medical equipment
Organic chemicals from India to the US exports more than 3.54 billion USD to India than 2.56 billion USD. India is a major exporter of organic chemicals globally and America is its largest market.
At the same time, Talking about medical equipment, India also exports a lot of medical equipment to America. Tariff will have an effect on this. Because having more tariffs will make goods expensive. However, India imports about 5.7 billion USDs from the US. Because India depends on America for its high-end medical equipment needs.