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Bloomberg Quint

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Image Credit: Bloomberg Quint

Domestic Pharma Industry Will Have To Pass On High Tariff Impact To US Consumers

  • The domestic pharmaceutical industry may have to increase prices for US market products due to a potential 200% import tariff imposed by the Trump administration.
  • Indian pharma companies are concerned about the impact as the US market accounts for a significant portion of their revenue.
  • The imposition of high tariffs could lead to cost increases for Indian companies and potentially affect export growth and profitability.
  • Indian pharmaceutical companies supply a substantial proportion of drugs to US residents, with potential tariff changes impacting healthcare costs and shortages.

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