Trump’s Latest 200% Tariff On Pharma Products Could Spell Disaster For Indian Companies; Internet Is Worried

In a press briefing following a cabinet meeting, the USA’s 47th president announced a 50% tariff on copper imports and a future 200% tariff on pharma products. Copper prices surged +20% after the announcement. This is the largest intraday on the asset since 1988. Meanwhile, the ridiculous 200% pharma tariff will affect Indian pharmaceutical giants. However, the impact will not be immediate, as Trump has given a grace period of one year or one and a half years before the 200% tariff on pharma products will be imposed.

Post the announcement: while the American pharma companies are trading in green, the Indian companies with the highest exposure to the US are pegged to suffer losses. Some of these Indian firms are Gland Pharma (50%), Aurobindo Pharma (50%), Dr Reddy’s (45%), Zydus Life (45%) and more. India exports almost $10 billion worth of pharma products to the US.

No extension to any of the tariffs for 200 nations has been given. The deadline is August 1. Trump also announced that all BRICS nations will be charged a 10% tariff. He alleged that BRICS was set up to destroy the dollar. Trump stated people can challenge the dollar, but they will have to pay a price.

Reactions poured in with memes and worried remarks. One netizen remarked, “Putting tariffs on cars and clothes is one thing, putting them on essential lifesaving drugs is another. It’s not like they can setup a factory and start production from tomorrow.

Another quipped, “They won’t be able to sustain if they kick out Indian meds..Covid was an eye opener for them..how much can his own companies do?

Yet another user remarked, “Nothing will happen…. It’s just for arm twisting to bargain more . People who track pharma sector knowns neither U.S has the capacity nor does it has the facilities to produce drugs domestically. The biggest opportunity to buy pharma stock may be just around the corner if falls.”

See Also: Trump’s 100% Tariff On Non-American Movies Draws Backlash; Internet Reminds Avengers Is Currently Filmed In The UK

See Also: Americans Paranoid As Trump Signals Tariff On Pharma: ‘Congrats For Making Healthcare More Expensive’

Cover: Patrick Gawande / Mashable India

Great Job Mashable News Staff & the Team @ Mashable India tech Source link for sharing this story.

#FROUSA #HillCountryNews #NewBraunfels #ComalCounty #LocalVoices #IndependentMedia

Felicia Ray Owens
Felicia Ray Owenshttps://feliciarayowens.com
Felicia Ray Owens is a media founder, cultural strategist, and civic advocate who creates platforms where power meets lived truth. As the voice behind C4: Coffee. Cocktails. Culture. Conversation and the founder of FROUSA Media, she uses storytelling, public dialogue, and organizing to spotlight the issues that matter most—locally and nationally. A longtime advocate for community wellness and political engagement, Felicia brings experience as a former Precinct Chair and former Chief Communications Officer of Indivisible Hill Country. Her work bridges culture, activism, and healing through curated spaces designed to inspire real change. Learn more at FROUSA.org

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