Business -

0%, 100%, then 200%: How Trump’s new generic drug tariff plan could hit India

TazaPulseJuly 22, 2026

President Donald Trump on Wednesday announced a phased tariff plan for imported generic medicines, saying they would continue to enter US duty-free for the next two years before attracting tariffs of up to 200%.In a post on Truth Social, Trump said generic medicines imported into the US would continue to attract zero tariffs from August...

Food products create most jobs among PLI sectors

TazaPulseJuly 22, 2026

NEW DELHI: Electronics may have seen maximum focus under the production linked incentive (PLI) scheme, but it is the humble food products that have created the most jobs, and with low levels of investment. In fact, sectors such as pharma and automobiles too have seen more investments but fewer jobs, according to govt data.According to...

Trump announces 0% tariff on generic medicines for two years; 200% thereafter

TazaPulseJuly 22, 2026

Trump said the move was intended to encourage companies to manufacture generic medicines domestically US President Donald Trump on Tuesday announced a phased tariff regime on imported generic medicines, saying they will continue to enter the United States duty-free for two years and then steep tariff hikes aimed at bringing pharmaceutical manufacturing back to the...

108240031 1765391623150 gettyimages 2244450286 NIKE

Nike to cut off thousands of online distributors in China

TazaPulseJuly 22, 2026

The Nike flagship store in Nanjing Road Walkway in Shanghai, Nov. 4, 2025. Cfoto | Future Publishing | Getty Images Nike is planning to cut off thousands of online distributors in China beginning in January as the sneaker giant looks to clean up what’s become a messy digital marketplace and get the region back to...

govt has spent rs 70709 crore of the fertiliser subsidy allocated for 2026 27

Centre uses 40% of annual fertiliser subsidy in first 3.5 months

TazaPulseJuly 22, 2026

Govt has allocated little less than Rs 1.8 lakh crore fertiliser subsidy for 2026-27 NEW DELHI: Govt has spent Rs 70,709 crore, nearly 40% of the fertiliser subsidy allocated for 2026-27, in the first three-and-a-half months of the current fiscal year, indicating the subsidy bill is set to exceed the budget estimate due to the...

108268737 17718758092026 02 23t193751z 1438571584 rc2srja9yemf rtrmadp 0 health usa fda

RFK Jr. says outbreak is under control

TazaPulseJuly 22, 2026

Secretary of Health and Human Services Robert F. Kennedy, Jr., speaks during a press conference at the Health and Human Services headquarters in Washington, D.C., U.S., Feb. 23, 2026. Nathan Howard | Reuters Health and Human Services Secretary Robert F. Kennedy Jr. on Tuesday said that the ongoing outbreak of cyclosporiasis is “under control.” “We’ve...

India Trade Policy Reforms: India’s growth remains strong, but trade barriers threaten 2047 goal: WTO

TazaPulseJuly 21, 2026

India will need to address structural challenges such as high trade costs, regulatory complexity, infrastructure gaps and barriers to deeper global integration if it is to achieve its ambition of becoming a developed nation by 2047, according to the World Trade Organisation’s (WTO) latest Trade Policy Review (TPR) report.The report said India remained the fastest-growing...

Donald Trump Tariffs: Donald Trump’s tariff tornado returns as India deal stalls

TazaPulseJuly 21, 2026

File photo: US President Donald Trump speaks during an event to announce new tariffs on April 2, 2025, in Washington (Picture credit: AP) TOI correspondant from Washington: MAGA boss Donald Trump is preparing to unleash yet another wave of tariffs on dozens of countries, including India, within days, doubling down on his favorite economic weapon...

US stock market today: AI stocks extend rally; Brent crude prices go above $90

TazaPulseJuly 21, 2026

Artificial intelligence-related stocks remained the primary drivers of the market, building on the previous session’s recovery after suffering sharp declines last week. US stock market today: Wall Street extended its gains on Tuesday, supported by another strong rally in shares of chipmakers and other companies that have benefited from the artificial intelligence boom. Artificial intelligence-related...

Air Taxis: The future of flying? US moves to fast-track air taxis, supersonic planes and drone expansion

TazaPulseJuly 21, 2026

Air taxi (representative image) The US Federal Aviation Administration (FAA) is stepping up efforts to support the deployment of air taxis, supersonic passenger aircraft, drones and commercial space launches, as it looks to modernise aviation regulations and accelerate the adoption of next-generation technologies.Speaking to Reuters at the Farnborough International Airshow, FAA deputy administrator Chris Rocheleau...