Trump Teases Pharma Tariffs As Indian Manufacturers, US Consumers Brace For Impact | Spotlight |N18G

Trump Teases Pharma Tariffs As Indian Manufacturers, US Consumers Brace For Impact | Spotlight | N18G

US President Donald Trump said he will announce new tariffs on pharmaceutical imports in an effort to boost domestic medicine manufacturing. The expected move may significantly affect both American consumers and Indian pharmaceutical manufacturers. While Trump believes the tariffs will stimulate U.S. production, experts warn that the resulting price hikes could burden Americans, who already pay high prices for prescription drugs. Indian pharmaceutical companies, which rely heavily on the US market, may also face severe financial losses as their competitive pricing model gets upended. The consequences could lead to even higher costs for essential medications, from antibiotics to cancer treatments.

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