Barely two days after India’s Commerce Minister Piyush Goyal returned from Washington following “constructive” trade talks, US President Donald Trump has announced 100 percent tariffs on imported branded and patented pharmaceuticals starting Oct. 1.
The move, pitched as part of his “America First” economic nationalism, puts India’s USD10 billion drug exports to the United States under renewed scrutiny and underscores the fragility of a trade relationship that both governments had only days ago described as moving toward a “mutually beneficial” agreement.
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