White House Confirms No New Pharmaceutical Tariffs for EU and Japan

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White House Confirms No New Pharmaceutical Tariffs for EU and Japan
Photo: Alex Brandon/AP/TT

President Donald Trump's new high tariffs on medicines do not apply to the EU and Japan, sources in the White House tell Bloomberg.

Countries that have already negotiated trade agreements with the US where pharmaceuticals are included are not affected by the new 100-percent tariffs on patented pharmaceuticals.

This means that tariffs on pharmaceuticals from the EU will be limited to 15 percent, in accordance with the terms of the existing framework agreement. The same arrangement applies to Japan, according to the White House.

Among others, the United Kingdom is at risk, however, of getting a tariff increase of 100 percent. London and Washington have indeed negotiated a trade agreement, but have not yet agreed on a tariff level for pharmaceuticals.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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