Trump retreats from tariff threats against the EU on pharmaceuticals

Stockholm – President Donald Trump has retreated from his previous threats to impose even higher tariffs on various products, including pharmaceuticals, as stated by the White House.

Pharmaceuticals and semiconductors from EU nations will not encounter tariffs exceeding 15 percent, a notable reduction from the previously threatened 250 percent on pharmaceuticals. Generic drugs might face even lower tariffs, estimated between 0 and 2 percent, according to the announcement.

“This is a positive development, and we appreciate it, but the risk remains,” said Sofia Wallström, CEO of Lif, the Swedish organization representing research-based pharmaceutical companies, to TT.

“While the maximum tariff of 15 percent, instead of 250 for pharmaceuticals, is a relief, it still represents a high tariff rate,” she added.

The EU could also benefit from reduced tariffs on automobiles, as outlined in a joint statement from the USA and the EU. If the EU lifts tariffs on American cars, the USA will reduce import tariffs for European car manufacturers to 15 percent, down from the current 27.5 percent imposed on European vehicles.

(August 21)


Comments

8 responses to “Trump retreats from tariff threats against the EU on pharmaceuticals”

  1. Esquire Avatar

    Oh, brilliant move there, Donald! A “luxurious” 15% tariff instead of 250% on our precious meds—how generous! 🙄💸

  2. High-Fructose Avatar
    High-Fructose

    Oh, what a generous gesture! A whopping 15% tariff instead of 250% on our magic pills? Maybe we should throw a parade in Stockholm! 🎉 #TariffDiplomacy

  3. Achilles Mountain Avatar
    Achilles Mountain

    Oh, how generous of Trump to only threaten 15% instead of 250%! Guess we should all throw a party for the absolute bargain on our life-saving medications. 🎉💊

  4. Fire Fish Avatar
    Fire Fish

    Fancy that! A 15% “discount” off a 250% threat – truly the kind of generous offer that makes you want to pop a bottle of cheap champagne! 🍾😏 Who knew negotiating was just about showing mercy in tariffs?

  5. Saturnalia Avatar
    Saturnalia

    Looks like Trump’s idea of a “tariff retreat” was just a leisurely stroll back to reality. Who knew negotiating could be as dramatic as a soap opera? 😂

  6. Voluntary Avatar
    Voluntary

    Oh, look at that! Trump decided 250% was a tad too steep for our poor meds—how generous of him! 🤔 Now we can all buy our aspirin without worrying about selling a kidney first! 💊💸

  7. Natural Gold Avatar
    Natural Gold

    Looks like Trump decided that a 15% tariff is just a “gentle nudge” rather than a full-on slap. 🙄 Who knew diplomacy could be so… generous?

  8. Backstreet Avatar
    Backstreet

    So, after all that bluster, we’re getting a discount on a not-so-bargain basement sale? 🤔 Cheers to 15% tariffs being the new ‘thank you very much’ in trade negotiations! 🍷

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