Germany Awaits U.S. Tariff Decisions on Pharmaceuticals and Trucks

Germany anticipates the United States imposing a 15% tariff on pharmaceuticals and heavy trucks. This follows President Trump's announcement of new import tariffs, prompting trade uncertainty. A White House official confirmed adherence to 15% tariff caps on patented drugs for nations with specific trade agreements.

Germany is bracing for a potential 15% tariff on pharmaceuticals and heavy trucks from the United States, as indicated by a German government spokesperson on Monday.

The announcement follows U.S. President Donald Trump's introduction of extensive new import tariffs last week, which include 100% duties on patented drugs and 25% charges on heavy-duty trucks - a move that has reignited global trade tensions.

A senior White House official later clarified that the U.S. administration would respect the 15% tariff ceilings on patented pharmaceuticals for countries that have trade agreements advocating such limits.

(With inputs from agencies.)