US Launches Tariff Probe Into Germany Over Pharma Pricing (4)

The US launched a tariff investigation into Germany over what it called “persistent underpayment for innovative pharmaceutical products,” setting the stage for possible levies on its goods in retaliation.

President Donald Trump “has made clear that American patients should not be shouldering a disproportionate share of global pharmaceutical research and development,” US Trade Representative Jamieson Greer said in a statement late Thursday. The move comes as a government overhaul of Germany’s health-insurance system, designed in part to reduce spending on drugs, makes its way through parliament in Berlin.

“I am particularly concerned with news that Germany is fast-tracking legislation that ...