US Starts Section 301 Probe of Germany Over Pharmaceuticals

US Trade Representative Jamieson Greer initiated an investigation under Section 301 of the Trade Act of 1974 against Germany, according to a statement.

• Investigation will seek to determine whether “persistent underpayment for innovative pharmaceutical products by Germany is unreasonable or discriminatory and burdens or restricts U.S. commerce”
• Investigation follows months of “meaningful discussions with our German partners in an effort to resolve this issue”
• “I am particularly concerned with news that Germany is fast-tracking legislation that would further reduce its spending on innovative pharmaceuticals,” Greer says in statement
• NOTE: Merz’s Healthcare Overhaul Faces Resistance in German States

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