Tariffs on Medicines From Europe Stand to Cost Drugmakers Billions; The New York Times, July 28, 2025

 Rebecca Robbins, The New York Times; Tariffs on Medicines From Europe Stand to Cost Drugmakers Billions

"The trade deal reached between the United States and the European Union on Sunday will impose a 15 percent tariff on imported medicines from Europe. Drugmakers manufacture some of their biggest and best-known blockbusters there, including Botox, the cancer medication Keytruda and popular weight-loss drugs like Ozempic...

Pharmaceutical products are Europe’s No. 1 export to the United States...

Europe manufactures the active ingredients for 43 percent of the brand-name drugs consumed in the United States, according to U.S. Pharmacopeia, a nonprofit that tracks the drug supply chain. No other region produces a greater share.

Europe also makes active ingredients for 18 percent of the generic drugs taken in the United States, which have lower prices and account for a vast majority of Americans’ prescriptions."