US President Donald Trump has talked about imposing 25% tax on pharma companies. The effect of which is visible in pharma shares today. The Nifty Pharma Index fell more than 1 percent. Aurobindo Pharma became a top louser of futures with a decline of over 6%. At the same time, Sun Pharma is showing a decline of 1 percent. Please tell that Aurobindo Pharma 46 percent of the total revenue of the US comes from the US while Lupine 37 percent of the total revenue of Dr. Reddy’s 46 percent of the total revenue comes from the US.
meanwhile Aurobindo Pharma and Piramal Pharma Has got another shock. The subsidiary of Aurobindo Pharma in Andhra Pradesh has received 5 objections from USFDA. The effect of which is also seen on Aurobindo Pharma Share today. At the same time, 6 flaws have also been found in the Turbhe unit of Maharashtra of Piramal Pharma.
Let us know that US President Donald Trump has talked about imposing 25% tax on semiconductor and pharma. In response to a question on tariff on the Saudi tour, Trump talked about putting tariffs on semiconductor and pharma. He said that further increase in tariffs is possible in the coming years. If companies produce in America, then they will not be taxed.
He definitely said that pharma and chip makers want to give some time to establish American factory so that they can avoid tariffs. Trump said he hopes that some of the world’s largest companies will announce new investment in the US in the next few weeks. He did not give any further information.
Update released …………
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