UK and US strike tariffs deal on pharmaceuticals

"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."

"The UK and US have made a trade deal that will allow America to import UK pharmaceuticals without paying any tax, while also committing Britain to spending more on NHS drugs. Import taxes on medicines and treatments going to the US will remain at 0 per cent for three years, Keir Starmer's government said. The Trump administration said the deal will lead to greater investment by UK drugs companies in America, and help create more jobs there."

"The agreement follows threats from Mr Trump to raise tariffs by up to 100% on branded drug imports. Pharmaceuticals are among the UK's biggest exports to the US, which remains the biggest market for major British drugmakers such as GSK and AstraZeneca. The US said it would work to ensure that UK citizens have access to latest pharmaceutical breakthroughs, and comes after warnings that US drug companies will shut down their sites in the UK if the NHS does not pay more for drugs."

The Independent sends reporters to cover reproductive rights, climate change and Big Tech and produces documentaries like 'The A Word' spotlighting American women fighting for reproductive rights. The Independent solicits donations to keep journalists on the ground, to present both sides and to avoid paywalls, stating quality journalism should be available to everyone and paid for by those who can afford it. The UK and US reached a trade deal allowing America to import UK pharmaceuticals without paying tax and committing Britain to increased NHS drug spending. Import taxes on medicines to the US will remain at 0 per cent for three years. The Trump administration said the deal will boost UK drugmakers' investment in America and create jobs, following threats to raise tariffs by up to 100% on branded drug imports. Pharmaceuticals are among the UK's biggest exports to the US, and warnings persist that US drug companies may close UK sites if the NHS does not pay more for drugs.

Read at www.independent.co.uk