Will Trump’s proposed drug tariffs end India’s reign as ‘pharmacy of the world’?
India’s long-held status as the “pharmacy of the world” could be affected by US President Donald Trump’s plan to impose steep tariffs on imported drugs from 2028, threatening the low-cost, export-driven model that has made the country a vital supplier of generic medicines, analysts have warned. Late last month, Trump announced that the US would impose 100 per cent tariffs on generic medicines from...