US Edition15pc Cap on EU Pharma Exports to US Still Applies, Says Tánaiste
Trump's tariff aims to boost US pharmaceutical manufacturing but exempts EU exports capped at 15% under the August trade agreement, officials said.
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8 Articles
The European Commission sees European companies protected from new US tariffs. A clear upper limit of 15 percent for exports from the European Union has been agreed, it said from Brussels. Previously, US President Trump announced new tariffs on imports of medicines, furniture and trucks.
The announcement of new US tariffs of 100 percent on pharmaceuticals has caused excitement in the German pharmaceutical industry. But Brussels sees the EU protected by the new agreement - one continues to assume a 15-percent upper limit.
As of 1 October, the US plans to impose 100 percent tariffs on patented medicines. The industry is in turmoil. As a result, drug prices in Germany could also rise.
Current 15pc pharma rates for Ireland holds, says Tánaiste despite Trump’s Truth Social post
Ireland’s existing deal with the US on pharmaceutical tariffs must hold, Tánaiste Simon Harris said this morning in response to US President Trump’s announcement overnight on fresh tariffs.
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