EU says US deal shields Europe pharma from new tariffs | Business

BRUSSELS, Belgium, Sept 26, 2025 (BSS/AFP) - The EU's trade deal with the United States shields the bloc's drug exports from tariffs higher than 15 percent, Brussels said Friday, after US President Donald Trump announced new levies on pharmaceuticals. The July agreement capped tariffs on pharmaceutical products and other goods at 15 percent. Trump has now said he will impose a 100-percent tariff on drugs but Brussels dismissed concerns that the deal was under threat. The EU pointed to the joint statement under which the United States agreed to ensure the tariff rate on pharmaceuticals, semiconductors and lumber does not exceed 15 percent. "This clear all-inclusive 15 percent tariff ceiling for EU exports represents an insurance policy that no higher...