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Trump's New Drug Tariffs Are a Big Deal for India's Pharma Giants
World news | The Guardian·Wednesday, 22 July 2026
US President Donald Trump has announced new tariffs on generic drugs, set to take effect in 2028. The announcement comes as US gas prices continue to rise amid a resumed conflict with Iran. The tariff policy targets the generic drug supply chain.
Why It Matters
India is one of the world's largest exporters of generic medicines to the US, so these tariffs could directly hit Indian pharmaceutical companies and affect drug prices for Americans who rely on affordable generics.
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