With Donald Trump's sweeping tariffs kicking in, India's key exports are now taxed at 26%, while China faces a staggering 104% levy-sparking fears of a global trade war

“In case the US starts imposing tariffs on the pharma sector, it will impact both countries,” analysts from HDFC Securities told Mint. The US relies heavily on India for its supply of affordable medicines, and a sudden disruption could prove costly for both healthcare providers and patients.