US Considers High Tariffs on EU Pharmaceuticals

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US Considers High Tariffs on EU Pharmaceuticals
Photo: Luis M. Alvarez/AP/TT

USA's Minister of Trade Howard Lutnick says that there is still no agreement on tariffs on medicines with the EU.

To CNBC, Lutnick says that President Donald Trump within the coming two weeks will present a plan for pharmaceutical tariffs. Pharmaceuticals that are not manufactured in the USA will be subject to "powerful" tariffs, says the Minister of Trade.

In the tariff agreement from Sunday between the EU and the USA, pharmaceuticals were not included, according to Lutnick.

He also says that there is "much horse trading" left to clear up in the tariff discussions between the EU and the USA. Among other things, the EU's tax on digital services will be put on the table, according to Lutnick.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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