<ul><li>Pharma stocks declined after US President Donald Trump reiterated tariffs on pharmaceutical imports.</li><li>The new tariffs are likely to prompt pharmaceutical companies to reconsider their operations in China and relocate to the US.</li><li>Nifty Pharma declined as much as 2.64% on Wednesday compared to 0.56% decline in the benchmark Nifty 50.</li><li>The stock market has experienced extreme volatility over the last couple of trading sessions due to ongoing trade tensions.</li></ul>

Pharma Stocks Plunge As Trump Promises Major Tariff On Imports

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