US and China hold trade talks after Donald Trump eyes ‘world tariff’ – business live

Live, rolling coverage of business, economics and financial markets as US Treasury chief Scott Bessent attends negotiations in SwedenPharmaceutical exports from the EU to the US could be hit by 15% tariffs as soon as Friday, according to the White House.It published a fact sheet summarising the deal with the EU that stated pharma will be taxed at the base rate agreed in deal sealed at Donald Trump’s golf course in Scotland on Sunday.The United States and the European Union intend to address unjustified digital trade barriers. In that respect, the European Union confirms that it will not adopt or maintain network usage fees. Furthermore, the United States and the European Union will maintain zero customs duties on electronic transmissions.Our strong momentum in revenue growth continued through the first half of the year and the delivery from our broad and diverse pipeline has been excellent.As we enter our next phase of growth, we have pledged $50bn to continue to grow in the US, which includes the largest manufacturing investment in AstraZeneca’s history, set for Virginia. This landmark investment reflects not only America’s importance but also our confidence in our innovative medicines to transform global health and power AstraZeneca’s ambition to deliver $80bn revenue by 2030. Continue reading...

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