Why did the stock market crash today? BSE Sensex ends over 700 points down, Nifty50 below 24,000; top reasons for fall
Pharmaceutical stocks were among the biggest drags on the market after Trump announced a phased tariff framework for imported generic medicines, giving drugmakers a two-year transition period before higher duties come into force.
Trump Plans 200% Tariff on Generic Drugs
- Donald Trump reveals 200% tariff plan for generic medicines. Will India exports be hit? The Indian Express —
- Pharma stocks bleed after Trump announces up to 200% tariff on generic drugs; Aurobindo, Sun Pharma & Cipla slide over 3% Times Of India —
- Trump outlines plans for up to 200% tariffs on generic drug imports starting in 2028 Seeking Alpha —
- Trump Plans 100% Tariff on Generic Drugs From 2028 | Insight with Haslinda Amin 7/22/2026 ๐น Bloomberg — ยท 47min
- Trump drops tariff bombshell on generic drugs with 200% threat The Independent —