A major deal between the UK and the US to lower proposed tariffs on pharmaceuticals to zero is expected imminently.
Pharmaceutical industry sources have told the BBC that a deal to lower planned tariffs on medicine imports into the US could be announced as soon as today.
The deal comes after several pharmaceutical giants decided to either reduce spending in the UK or increase their US investments following threats of tariffs as high as 100% on branded drug imports.
Pharmaceuticals are one of the UK's biggest exports to the US, which is also the biggest market by far for big UK drugmakers including GSK and AstraZeneca.
In the 12 months to the end of September, the UK exported £11.1bn worth of medicines to the US, making up 17.4% of all goods exports in that period, according to the Department for Business and Trade.
