US readies new pharmaceutical tariffs
Levies of 100% on certain medicines would implement threats Trump made last year
Levies of 100% on certain medicines would implement threats Trump made last year

UK government will make it easier for drugs to be approved for use in order to secure carve-out from import levies

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

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

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

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

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