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US and UK agree zero-tariffs on pharmaceuticals
UK agrees to raise NHS drug prices by 25% and reform pricing rules in exchange for a zero tariff deal on pharmaceuticals exported to the US, protecting £5 billion in trade.
- On Monday , the United States government agreed to exempt U.K.-origin pharmaceuticals, ingredients, and medical technology from import taxes, securing a 0% tariff rate for at least 3 years.
- Amid investment pullbacks and tariff threats, major firms like AstraZeneca paused UK investments, intensifying pressure on ministers after months of talks following a spring bilateral trade pact and NHS disputes.
- Britain agreed to raise the net price it pays by 25%, while NICE's thresholds and rebate rules will be reformed, with rebate rates reducing toward 15%.
- Lawmakers and campaigners reacted sharply, with Helen Morgan saying `It cannot go ahead` and Diarmaid McDonald calling it `This is a betrayal of NHS patients`; UK media reported the NHS cost estimate at �3 billion, while 64% of the British public opposed higher NHS medicine prices.
- USTR officials said the deal will be a model for other nations, as ING analysts estimate Ireland could lose 8.7 billion annually, and the U.S. pledged not to challenge UK pharmaceutical pricing practices during Trump's term.
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Trump Administration Locks In Zero Tariffs On UK Pharmaceuticals As NHS To Pay More For US Drugs - AstraZeneca (NASDAQ:AZN), GSK (NYSE:GSK)
The UK and the U.S. have reached a landmark agreement to eliminate tariffs on British pharmaceutical products being exported to America.
·New York, United States
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An agreement, concluded on Monday 1 December, avoids a salve of punitive tariffs on its pharmaceutical products in London. In return, the Starmer government has accepted a 25% price increase on new treatments.
·Paris, France
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Coverage Details
Total News Sources135
Leaning Left20Leaning Right15Center37Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 28%
C 51%
R 21%
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