Market Flash

Indian pharmaceutical stocks faced a significant 1.7% drop on Wednesday, following U.S. President Donald Trump’s announcement of plans to impose a "major" tariff on all pharmaceutical imports.

On Tuesday, President Donald Trump announced plans for a major tariff on pharmaceutical imports, a move aimed at encouraging drug companies to shift operations to the U.S.

The Uttar Pradesh government has introduced its first-ever standard operating procedure (SOP) for the pharmaceutical sector, aiming to strengthen drug manufacturing and clinical research.

In a major decision, Argentina has ended its five-year-long anti-dumping measures on denim products originating from China.

In a stunning escalation of trade tensions, President Donald Trump announced on April 8 that the U.S. will impose a 104% comprehensive tariff on all Chinese imports, effective April 9.

At the 2025 Show Safra in Mato Grosso, Brazil, Sumitomo Chemical unveiled a robust portfolio of innovative agricultural products aimed at addressing modern growers’ challenges while advancing sustainable farming practices.

Viatris has agreed to pay up to $335 million over a nine-year period as part of a nationwide settlement addressing claims from U.S. state and local governments regarding the company’s alleged role in the opioid crisis.

In a decisive step that could reshape global supply chains, China has imposed export controls on seven key medium-to-heavy rare earth elements as of April 4, according to a joint announcement by the Ministry of Commerce and the General Administration of C

Canada has declared a sweeping move to regulate over 160 PFAS chemicals, solidifying its stance as one of the first countries to treat these substances as a single hazardous category.

The European Union will launch retaliatory tariffs against the US in two stages, starting April 15 and continuing with a second round on May 15, according to EU Trade Commissioner Maroš Šefčovič.

The Indian government on April 7 announced an increase of Rs 2 per litre in the Special Additional Excise Duty (SAED) on both petrol and diesel.

• India
• Petrol
• Diesel
• Excise duty

The recent announcement by the US government to impose "reciprocal tariffs" has raised concerns about the competitiveness of China’s raw material drug exports.

On April 7, 2025, the U.S. Environmental Protection Agency (EPA) officially issued rule 2025-05912, setting revised residue limits for Tiafenacil, a herbicide used in various agricultural applications.

The White House has released a critical 37-page document detailing which agricultural inputs are now exempt from a sweeping 10% tariff, as well as higher retaliatory tariffs previously imposed on specific trade partners.

On March 28, 2025, India’s Ministry of Commerce and Industry issued a final affirmative ruling on countervailing duties (CVD) against Chinese-origin pearlescent pigments, excluding those used for automotive applications.

On April 4, 2025, the State Council Tariff Commission announced a significant policy shift: starting April 10 at 12:01 PM, all imports from the United States will face an additional 34% tariff on top of existing rates.

SalonCentric Canada, a L'Oréal company, has signed an agreement to acquire Concept JP's business in Canada.

• SalonCentric
• L'Oréal
• Concept JP

Quaker Houghton, a leading global supplier of industrial process fluids, announced that it has completed its previously announced acquisition of Dipsol Chemicals Co.

• Quaker Houghton
• Dipsol
• Natech

On March 31, 2025, the U.S. Department of Commerce issued a final ruling on anti-dumping duties for epoxy resins imported from China, India, South Korea, Thailand, and Taiwan.

This facility, referred to as the Huddersfield Plant, will focus on the large-scale production of its innovative crop protection product, PLINAZOLIN (isoxazoline insecticide).