The US Commerce Department has launched a Section 232 investigation into pharmaceutical imports, raising concerns over the future of India’s $10 billion drug exports.
The probe will assess the extent to which India's reliance on foreign pharmaceutical imports could pose a threat to the US domestic healthcare system.
India is among the top five pharmaceutical suppliers to the US, but European suppliers have retained or expanded their shares.
The investigation under Section 232 of the US Trade Expansion Act marks a shift in US trade policy towards the pharmaceutical sector.