The United Kingdom’s National Health Service will pay 25 percent more for new, patented U.S. medicines under the terms of a new trade agreement between the two nations.
The deal is the latest in a series of agreements in which the United States has leveraged tariffs to secure concessions on prescription drug prices. This is the first deal reached with a nation rather than with pharmaceutical manufacturers.
In return for this concession, the United States will forego tariffs on British-made pharmaceuticals, pharmaceutical ingredients, and medical technology, and refrain from further pharmaceutical price negotiations during U.S. President Donald Trump’s term….