Tariffs Hit Pharmaceutical Giants Like Merck & Co with Billion-Dollar Losses

The pharmaceutical company Merck & Co expects to lose 200 million dollars (approximately 1.9 billion kronor) due to the trade war that has broken out between the USA and China.

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Tariffs Hit Pharmaceutical Giants Like Merck & Co with Billion-Dollar Losses
Photo: Seth Wenig/AP/TT

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Should the US President Donald Trump proceed with his threat to also impose tariffs on medicines imported to the US, the impact would be even more palpable.

Merck & Co, based in the state of New Jersey in the US, has a significant portion of its production located in Europe.

For the first quarter of the year, Merck & Co reports a slightly better result than expected at 2.22 dollars per share on sales of 15.5 billion dollars.

The Merck & Co share, which has lost 40 percent of its value over the past year, rises slightly in pre-trading on Wall Street following the report.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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