The US has exempted India and 19 other nations from its new 100% Section 232 tariff on patented pharmaceuticals, covering specialty drugs for rare diseases, gene therapies and veterinary medicine. Generic drugs and their ingredients remain entirely outside the tariff's scope.
Read Full ArticleAmid new US tariffs, Jaishankar and Rubio advanced the India-US trade deal, defence cooperation, and Quad ties ahead of Trump's planned 2027 India visit.
The US has imposed a 10% Section 301 tariff on India from July 24, replacing the temporary Section 122 tariffs, impacting global trade and imports.
Four bipartisan US senators announced on July 10, 2026 that they have reached a deal with the Trump administration to advance a revised Russia sanctions bill, one whose original version proposed 500% tariffs on countries buying Russian energy, with India and China explicitly named as primary targets.
India–US trade deal advances as the US cuts tariffs on Indian goods from 25% to 18%, but the legal text is still pending and not yet signed.
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