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Trump's Generic Drug Tariffs Could Hit India's Pharma Exports Hard
The Guardian·Thursday, 23 July 2026
Donald Trump announced new tariffs on generic drugs, set to take effect in 2028. India is one of the world's largest suppliers of generic medicines to the US market. The announcement came alongside rising US gas prices linked to the resumed conflict with Iran.
Why It Matters
India supplies a huge share of the generic drugs Americans use every day. Tariffs on those drugs directly threaten one of India's biggest export industries.
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