Pharmaceutical, semiconductor industries spared from tariffs imposed by Donald Trump

Exemption of pharmaceutical and semiconductor industries from the ambit of sweeping tariffs imposed by US president Donald Trump held out temporary respite for Indian manufacturers which were quick to point out the ‘critical roles’ played by the domestic industry.

Indian Pharmaceutical Alliance, the body of pharma companies, said the decision to exempt the sector underscores the critical role of cost-effective, life-saving, generic medicines in public health, economic stability and national security.