Trump’s 100% Drug Tariff Spares EU, Japan But UK May Face Hit

President Donald Trump’s new tariffs on pharmaceutical imports will not apply to countries with negotiated agreements with the US that contain provisions on drugs, according to a White House official, delivering promised relief to economies including the European Union and Japan.

Duties on pharmaceuticals from the EU will be capped at 15% per the terms of its framework deal, the official said Friday. Japanese drugs will also be charged the rate spelled out in its pact, the official added. The US-Japan joint statement says American tariff rates on Japanese drugs and semiconductors should not exceed those applied to others, ...