UK Drug Firms - Business Outrank

The pharmaceutical industry in the UK now faces increased scrutiny because ministers need to stop upcoming US tariffs that threaten to disrupt drug delivery to the nation. The government maintains “active conversations” with industry leaders to protect pharmaceutical exports worth £7bn from potential economic disruptions. The officials work at high speed to maintain current tariff exemptions because of concerns about the return of Trump-era levies. The Whitehall official stated that the outcome remains unclear which has created more tension for the industry. The pharmaceutical industry together with car exports leads the UK exports and has strongly fought against price increases that would affect manufacturers and the NHS. The government faces increasing demands to establish an emergency taskforce which will prepare for potential medicine shortages. Liberal Democrat MP Helen Morgan demanded swift action for medicine security because she described the US actions as “playground bully tactics.” Pharmaceutical giants together with other companies are currently asking the European Commission to implement protective measures. Experts agree that the UK could gain new opportunities to lead global innovation but many experts agree that tariffs would cause substantial harm to patients and the economy. The government maintains that it works to prevent tariffs but the time remains limited because supply chain risks continue to expand.

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