United States imposes 100% tariffs on certain patented pharmaceuticals
- • US customs brokers and import compliance teams at pharmaceutical distributors must update tariff classifications and remit the new charge on patented-drug shipments or face duty underpayment penalties.
- • Procurement teams at Indian manufacturers of branded and specialty pharmaceuticals must notify US buyers of added import costs and renegotiate contracts to allocate tariff liabilities before shipments occur.
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