That being said, the framework agreement is one that is non-binding and Trump also hasn't signed an executive order confirming the agreement. So, we'll have to see about that. Trump's new tariffs would impose 100% duties on branded drugs but only applicable to producers that had not already broken ground on US manufacturing plants.
EU says expects US commitment on pharmaceutical tariffs cap will be respected
- As a reminder, there's a limit tariffs of 15% based on the preliminary trade deal
