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UK Scrambles to Shield Pharma Sector as US Tariff Threat Looms

Government and industry leaders engage in talks to mitigate risks from potential US tariffs on £7bn in pharmaceutical exports.

Overview

  • UK ministers are in active discussions with pharmaceutical firms to address the potential impact of US-imposed tariffs on medicine exports.
  • The US president has vowed to impose tariffs on pharmaceutical imports, with the industry bracing for levies potentially as high as 25%.
  • Industry experts warn that tariffs could disrupt global supply chains, threatening medicine availability and pressuring UK pharmaceutical prices.
  • Political and industry figures, including the Liberal Democrats, are calling for an emergency taskforce to secure medicine supplies for the NHS.
  • Pharmaceutical companies are preparing for potential disruptions by implementing strategies like dual sourcing and scenario planning.

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