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- Nifty pharma index down; Donald Trump Tariff | Granules Lupin Share Price
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Trump said- Pharma tariffs are going to start very soon, that too at a level that has never been seen before.
The shares of India’s pharma companies fell to 4% on Tuesday, June 17, on Tuesday, June 17, due to a statement of tariff on drugs by US President Donald Trump.
Trump has said that he is going to impose heavy tariffs on the import of medicines soon. After this statement, the Nifty Pharma index fell 2% to 21,600 levels.
Granules India Lupine shares fell to 4%
The shares of Granules India, Lupin, Netcofarm and Aurobindo Pharma fell to 4%. Shares of Laus Labs and Dr. Reddy’s Laboratries also dropped more than 3%. Large names like Sun Pharma, Cipla, Glenmark and Natco Pharma also came down by 2-2.6%.
Export of drugs worth ₹ 86,200 crore from India every year
India exports drugs worth $ 10 billion (about ₹ 86,200 crore) every year from India, which is 6% of the total pharma imports of the US.
Earlier in April, Trump spoke of pharma tariff, but later postponed it for 90 days. Now again this statement has increased uncertainty in the market.
Experts say that if the tariff is imposed then the earnings of Indian pharma companies can have a big impact, because a large part of their income comes from the US.
Answers to 5 important questions related to this case
Question 1: Why are you going to put tariffs on trump medicines?
answer: Trump says that America’s drug industry is weakening due to cheap medicines from foreign countries, especially India and China. Their aim is that foreign companies should put their factories in the US, so that the jobs there are increasing and the production of drug is self -sufficient.
Question 2: How heavy will this tariff be?
answer: The accurate figure has not been revealed yet, but Trump has earlier made such statements that he will put so much tariffs that it is cheaper to set up a unit in America for companies. In some reports, it is being speculated that this tariff can range from 10% to 25%. However, the official announcement is awaited.
Question 3: What will be the effect on India?
answer: India is a major drug supplier of America. Cheap generic drugs from here go to America, which are economical for the people there. If the tariff appears, the price of these drugs will increase, which will reduce their sales. Also, Indian companies like Sun Pharma, Dr. Reddy’s and Orobindo Pharma will also be affected. Experts say that this may further decline in shares of these companies.
Question 4: What is the Government of India doing?
answer: The Government of India is cautious on this issue. According to reports, India has sought confidence from the US before the trade deal that there will be no new tariff. Efforts are being made to finalize the trade deal by 9 July, so that India’s drug industry can be saved from damage. Foreign Minister S. Jaishankar has also expressed concern over Trump’s uncertain attitude.
Question 5: What does common people mean?
answer: If the tariff is felt, the prices of drugs in the US may increase, which will create difficulties for the patients there. In India too, pharmaceutical companies can suffer losses, which can reduce exports. But if there is a correct deal between India and America, then this effect may be reduced.
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Read these news related to Trump’s tariff …
1. Threatened to impose 50% tariff on Trump’s European Union: will be applicable from June 1; Said- Do not want to compromise with EU
4. Trump on backfoot in 7 days: Tariff stopped for 90 days, increased to 125% on China
6. Donald Trump announced a tariff on medicines: said- Pharma companies will come back to America, Indian companies can suffer losses
7. Trump told Apple- Don’t make an iPhone in India: If you do this, you will impose 25% tariffs; The phones that will be sold in America will be made here
