NHS to increase medicines spending to avoid threatened Trump tariffs
UK government will make it easier for drugs to be approved for use in order to secure carve-out from import levies
UK government will make it easier for drugs to be approved for use in order to secure carve-out from import levies

Levies of 100% on certain medicines would implement threats Trump made last year

White House also rolls back levies on some metals in an attempt to simplify duties

Accord will result in higher medicines spending in Britain in exchange for exemption from threatened Trump tariffs

Move is latest broadside by Trump administration against pharmaceuticals industry that fought to derail changes

Cheaper generics will be allowed on to market a year earlier to curb costs

Tariff deals with the US have bought time but investment momentum is elsewhere