Trump administration announces new tariffs on pharmaceuticals
White House also rolls back levies on some metals in an attempt to simplify duties
White House also rolls back levies on some metals in an attempt to simplify duties

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

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

US President Donald Trump announces levies on dozens of countries and formalises some trade deals

Democratic attorneys-general say president exceeded authority after Supreme Court struck down original levies