Germany assumes 15% U.S. tariff rate will apply to pharma, heavy trucks
Germany assumes 15% U.S. tariff rate will apply to pharma, heavy trucks
Published by Global Banking and Finance Review
Posted on September 29, 2025
Published by Global Banking and Finance Review
Posted on September 29, 2025
BERLIN (Reuters) - Germany expects the United States to apply a 15% tariff rate to pharmaceuticals and heavy trucks, a government spokesperson said during a regular press conference on Monday.
U.S. President Donald Trump unveiled sweeping new import tariffs last week, including 100% duties on patented drugs and 25% levies on heavy-duty trucks, triggering fresh trade uncertainty.
A White House official later said the administration would honor 15% caps on tariffs for imported pharmaceuticals under patent for countries with trade deals that specified such reductions.
(Reporting by Bernadette Hogg and Thomas Seythal; editing by Matthias Williams)
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