Pharma stocks fall up to 5 per cent after Trump announces 100% tariffs
US President Donald Trump announced a 100% tariff on branded pharmaceutical products starting October 1, causing a decline in pharma stocks. Sun Pharma, Biocon, Abbott India Ltd, Lupin, Cipla, Dr Reddy's, Aurobindo Pharma, and Zydus Lifesciences all saw a decrease in their stock values. Trump also announced tariffs on kitchen cabinets and bathroom vanities, etc