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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.
Talking to reporters in Air Force One, the US President said,
Pharma tariffs are going to start very soon, that too at a level that has never been seen before.
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. In such a situation, the news of tariff scared investors.
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.
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On May 28, the Court of International Trade banned the tariff, Higher Court restored again …
On Wednesday, May 28, a three -judge bench of Manhattan’s Federal Court of International Trade had prohibited the tariff, saying that Trump misused his powers and went out of the scope of the constitution and imposed this tariff.
The court had said that Trump misuses the International Emergency Economic Powers Act (IEEPA). This law gives the President a special right to take some decisions during the Emergency.
However, Trump used these powers without concrete reason. However, this decision of the trade court was overturned by the US Federal Appeal Court.
The court also said this,
President Donald Trump went out of his jurisdiction and imposed a huge tariff on the trade partners. The US Constitution empowers Parliament to regulate trade with other countries. But Trump decided on the tariff by keeping his special rights above the Constitution. Special powers of the President do not mean to do anything by naming any situation as emergency.
The tariff was stopped based on two cases:
- The Liberty Justice Center filed a case on behalf of 5 small American businesses, which were being affected by these tariffs.
- 12 US importers also filed a petition in the court.
Both of them argued that the tariffs are causing heavy losses to small businesses, as their cost was increasing due to the increase in the price of imported goods. The court accepted these arguments as correct and said that the President does not have the constitutional right to put tariffs on such a large scale.
American court verdict from Bhaskar cartoonist’s eye
On April 2, Trump imposed tariffs on many countries around the world
On 2 April 2025, Trump named Liberation Day and announced a new tariff on goods coming from more than 100 countries around the world.
He claimed that these tariffs would strengthen the American economy and teach countries a lesson who buy and sell less goods from the US.
However, except China later, the rest of the countries were banned for 90 days. China also imposed tariffs in response to Trump’s tariff.
For this reason, China was not given relief from tariffs. China’s tariff was increased to 145%. After the conversation, tariffs were also reduced from China.
Trump said about tariff on India,
India imposes up to 52% tariffs on the US, so America will impose 26% tariffs on India. We will take about half of the tariffs from us as many tariffs are charged from us. Therefore the tariffs will not be completely reciperook. I could have done this, but it would be difficult for many countries. We did not want to do this.
What is a tariff?
Tariff is a tax imposed on goods coming from another country. Companies that bring foreign goods to the country pay this tax to the government. Understand this with an example …
- Tesla’s cyber truck is sold in the US market for about 90 lakh rupees.
- If the tariff is 100%, then it will cost around 2 crores in India.
What is the meaning of reciperook tariff?
Reciperookl means to equalize both the scales of the scales. That is, there is 1 kg of weight on one side, and on the other side also keep one kilo of weight and make it equal.
Trump is talking about increasing it. That is, if India imposes 100% tariff on some selected items, then America will also impose 100% tariff on that kind of products.
Manhattan’s Federal Court sees cases related to international trade
Manhattan’s Federal Court of International Trade (CIT) oversees matters related to international trade and customs laws. This court plays an important role in running the US economy, trade policies and global trade smoothly.
Its jurisdiction is all over America and it can also hear matters abroad. This especially looks at cases that are associated with American Customs Service, Business Adjustment Assistance, or Anti-Damping and Counterwelling Duties.
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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
2. Trade deal in America-China: Both reduced 115% tariff; Now US 30% and China will apply 10% tariffs on each other
3. Trump’s U-turn over tariffs on China: said- his economy in crisis; 20 days ago US imposed 145%, China imposed 125% tariff
4. Trump on backfoot in 7 days: Tariff stopped for 90 days, increased to 125% on China
5. America imposed 26% tariff on India: Trump said- Modi good friends, but behavior on tariffs is not good; India said- will solve the conversation
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