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    <description>A US trade measure imposes a 100% tariff on branded and patented pharmaceutical products from October 1, exempting products where the company &quot;is building&quot; a US manufacturing plant-defined as &quot;breaking ground&quot; or &quot;under construction.&quot; The tariff conditions supply-chain decisions and investment planning by tying exemption eligibility to physical construction status. The announcement precipitated a sharp market reassessment of export-dependent pharma firms, heavy selling in pharma and IT sectors, index declines, and notable foreign institutional equity outflows as investors adjusted earnings and export-growth expectations.</description>
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