The US-EU deal, which includes a 15 per cent tariff on most EU goods, does not yet provide clarity on how it will affect pharmaceuticals. Although medicines were excluded from the deal, they remain subject to the outcome of a US national security investigation.

EU-US trade deal sparks uncertainty over pharmaceutical tariffs

France’s minister for Europe, Benjamin Haddad, said the deal is unbalanced but would provide temporary stability, while European Commission President Ursula von der Leyen also acknowledged that 15 per cent is not to be underestimated, but it is the best the EU could get.

Discontent brews in Europe over US-EU trade deal; French PM calls it a ‘dark day’

This comes after President Trump and EU von der Leyen agreed on a trade framework with a 15% tariff on EU imports. Trump has criticized reliance on Taiwanese chips, suggesting firms might invest in U.S. manufacturing to avoid duties.

US set to act on chip imports, Trump hints at tariffs

The Donald Trump administration once promised to secure 90 trade deals in 90 days but fell well short of that goal. Recently, Trump has announced a number of trade deals, including one with Japan. The US and EU have the largest bilateral trade and investment relationship in the world.

Von der Leyen and Trump strike EU-US trade deal to avert potentially devastating tariff war

His comment comes after a week of dramatic turns in US trade policy, marked by President Donald Trump’s renewed threats of higher tariffs and a last-minute decision to delay their implementation.

EU trade chief says US talks ‘advancing in the right direction’ amid looming 50% deadline

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EU-US trade deal sparks uncertainty over pharmaceutical tariffs

Discontent brews in Europe over trade deal; French PM calls it a ‘dark day’

US set to act on chip imports, Trump hints at tariffs

Von der Leyen and Trump strike EU-US trade deal to avert all-out tariff war

EU trade chief says US talks ‘advancing in the right direction’ amid looming 50% deadline