US tariffs on India

priyade

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  • Dec 2, 2017
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    Nearly half of all generic medicines taken in the US come from India alone. Generic drugs - which are cheaper versions of brand-name medications - imported from countries like India make up nine out of 10 prescriptions in the US.
    This saves Washington billions in healthcare costs. In 2022 alone, the savings from Indian generics amounted to a staggering $219bn (£169bn), according to a study by consulting firm IQVIA.
    Without a trade deal, Trump's tariffs could make some Indian generics unviable, forcing companies to exit part of the market and exacerbating existing drug shortages, experts say.
    Tariffs could "worsen the demand-supply imbalances" and the uninsured and poor will be left counting the costs, says Dr Melissa Barber, a drug costing expert from Yale University.
    The effects could be felt across people suffering from a range of health conditions.
    Over 60% of prescriptions for hypertension and mental health ailments in the US were filled with Indian-made drugs, according to the IQVIA study funded by the Indian Pharmaceutical Alliance (IPA).
     
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    Troop

    Well-known member
  • May 22, 2014
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    Mu muge billionaire friends lata hodata hambakarala denawa.

    Lankawe namath kohen hari dakala apitath kelida danna :baffled:
     

    vishamacharya

    Well-known member
  • Aug 18, 2017
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    Nearly half of all generic medicines taken in the US come from India alone. Generic drugs - which are cheaper versions of brand-name medications - imported from countries like India make up nine out of 10 prescriptions in the US.
    This saves Washington billions in healthcare costs. In 2022 alone, the savings from Indian generics amounted to a staggering $219bn (£169bn), according to a study by consulting firm IQVIA.
    Without a trade deal, Trump's tariffs could make some Indian generics unviable, forcing companies to exit part of the market and exacerbating existing drug shortages, experts say.
    Tariffs could "worsen the demand-supply imbalances" and the uninsured and poor will be left counting the costs, says Dr Melissa Barber, a drug costing expert from Yale University.
    The effects could be felt across people suffering from a range of health conditions.
    Over 60% of prescriptions for hypertension and mental health ailments in the US were filled with Indian-made drugs, according to the IQVIA study funded by the Indian Pharmaceutical Alliance (IPA).

    Do you know the profit margin of Indian drugs in Europe and USA?
    In some cases it goes up to 1000000%. They buy these meds for like $0.01 per pack and sell it for tens or hundreds of dollars/pounds/Euros.
    In a way, tariffs on meds are a good thing. At least production will move back to US and Europe and patients will get better quality meds.