Tag: Tariffs

Trump imposes 100 percent tariff on medicines, a big blow to Indian industry

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Desk Report: The United States is implementing a tariff of up to 100 percent on imports of branded and patented pharmaceutical drugs from October 1. US President Donald Trump announced this on Thursday. India’s pharmaceutical industry, which is one of the most dependent on trade with the United States, may be significantly affected by this decision. Trump wrote on his own Truth Social, “Starting October 1, 2025, we will impose a 100 percent tariff on any branded or patented pharmaceutical product. If a company builds their pharmaceutical manufacturing plant in…

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Our interests are close to those of the US: Chief Advisor on Tariffs

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Desk Report: Principal Advisor Professor Muhammad Yunus has reiterated his commitment to further strengthen Bangladesh’s bilateral relations with the United States. He particularly emphasized on deepening ties in the areas of trade, investment, energy and development cooperation. He also said that Bangladesh and the United States have similar interests on tariff issues. He said this in a meeting with Assistant US Trade Representative Brendan Lynch at the Principal Advisor’s office in Tejgaon in the capital on Monday. Professor Yunus said, “Thank you very much for your cooperation. We are very…

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