European pharmaceutical firms criticise Trump tariffs on medicines as ‘blunt instrument’

Trade group says levy will harm patients in US and Europe by reducing access, disrupting supply chains and cutting R&DBusiness live – updatesWegovy maker Novo Nordisk’s shares plunge on sales forecastThe European pharmaceutical industry has condemned the US move to put 15% tariffs on medicines imported from the EU, calling the taxes a “blunt instrument” that would harm patients on both sides of the Atlantic.They were responding to a White House text of the deal that inferred the 15% baseline rate on imports from the EU would also apply to drugs if the agreement is implemented on the US side on Friday as expected. Continue reading...

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