Agreement also calls for NHS to increase net price it pays for new medicines by 25%

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The UK government has sealed a deal with Donald Trump guaranteeing that zero tariffs will remain on the imports of UK pharmaceuticals into the US and commits Britain to higher spending on NHS drugs.

The agreement, announced on Monday, secures continued investment by UK pharma companies in the US and will create jobs in the US, the Trump administration said.

The US would “work to ensure that UK citizens have access to latest pharmaceutical breakthroughs”, it said, saying it would “refrain from targeting UK pharmaceutical pricing practices” in any future investigations into the sector “for the duration of President Trump’s term”.