Indian pharma stocks tumble as Trump signals tariffs on drug imports
Wednesday, 9 April 2025 Indian pharmaceutical stocks experienced a downturn following Donald Trump's renewed threat to impose tariffs on pharmaceutical imports. The Nifty Pharma index fell by 1.7%, with major companies like Gland Pharma and Sun Pharma seeing significant declines. Trump's statement highlighted the intention to incentivize pharmaceutical companies to shift production to the US through tariffs, impacting India's substantial generic drug exports to the US.
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The Trump administration's decision to exempt tariffs on Indian pharma imports brings relief to a $9 billion-plus US export market, highlighting India's key role... IndiaTimes
Wednesday, 9 April 2025
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