{"id":7993,"date":"2025-09-26T08:24:27","date_gmt":"2025-09-26T08:24:27","guid":{"rendered":"https:\/\/jobuzo.com\/en\/tariffs-on-medicines-would-create-worst-of-all-worlds-europe-pharma-group-after-trumps-announcement\/"},"modified":"2025-09-26T08:24:27","modified_gmt":"2025-09-26T08:24:27","slug":"tariffs-on-medicines-would-create-worst-of-all-worlds-europe-pharma-group-after-trumps-announcement","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/tariffs-on-medicines-would-create-worst-of-all-worlds-europe-pharma-group-after-trumps-announcement\/","title":{"rendered":"Tariffs on medicines would create ‘worst of all worlds’: Europe pharma group after Trump’s announcement"},"content":{"rendered":"
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Published on: Sept 26, 2025 01:40 pm IST <\/p>\n<\/div>\n

Trump announced a raft of new tariffs on multiple industries on Thursday, including a 100-percent duty on “any branded or patented” pharmaceutical product.<\/h2>\n
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A European pharmaceutical industry group warned Friday that tariffs on medicines “would create the worst of all worlds”, after US President Donald Trump announced steep import duties on the sector.<\/p>\n

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The European Union and the United States reached a trade deal in July that capped tariffs on pharmaceutical products and other goods at 15 percent.(Shutterstock)<\/figcaption><\/figure>\n<\/div>\n

Trump announced a raft of new tariffs on multiple industries on Thursday, including a 100-percent duty on “any branded or patented” pharmaceutical product, unless a company is building their manufacturing plant in the United States.<\/p>\n

The European Union and the United States reached a trade deal in July that capped tariffs on pharmaceutical products and other goods at 15 percent.<\/p>\n

It was not immediately clear whether that understanding had changed following Trump’s announcement.<\/p>\n

“Tariffs on medicines, however excessive, would create the worst of all worlds,” Nathalie Moll, director general of the European Federation of Pharmaceutical Industries and Associations, said in a statement to AFP.<\/p>\n

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“Tariffs increase costs, disrupt supply chains and prevent patients from getting life saving treatments,” Moll said.<\/p>\n

Moll noted that the EU and the United States have a trade agreement in place.<\/p>\n

“They should now continue discussions on how the EU can improve its support towards the cost of global research and development in a way which doesn’t harm patients in the EU and the US,” she said.<\/p>\n<\/div>\n

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