Trump’s Generic Drug Tariffs: ‘Cannot Be Absorbed,’ Prices to Rise in Lockstep

Posted on by http://wealthcreation.club
‼️ 💊 U.S. President Donald Trump’s proposed tariffs on generic drugs will increase the price of these medicines for patients in the country, Erez Israeli, the chief executive of Indian drugmaker Dr. Reddy’s Laboratories said. Generic drugs are a low-margin business and “this kind of level of tariff cannot be absorbed” by the company, Israeli said, adding it will lead to prices increasing “in the magnitude of the tariff.”
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