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United States of America: Agreement with EMD Serono on Most-Favored-Nation drug pricing and tariff exemption

Description

On 16 October 2025, the United States of America announced an agreement with EMD Serono, exempting the company from the future Section 232 pharmaceutical tariffs. In exchange for this exemption, EMD S...

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Intervention Details

Intervention Type

Import tariff

MAST Chapter

Tariff measures

Implementation date

31 Jul 2026

Revocation date

20 Jan 2029

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

firm-specific

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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Threads

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United States: Drug Pricing Agreements

This Thread tracks the U.S. Administration’s agreements with pharmaceutical companies. It is based on the Executive Order titled “Delivering Most-Favored-Nation (MFN) Prescription Drug Pricing to American Patients.” These agreements include tariff relief measures for pharmaceutical companies in return for their commitments to implement most-favored-nation pricing for their drugs and to invest i...

Published: 11 Nov 2025

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2

jurisdictions

Liberalising Trade Policy Measures

This Thread tracks liberalising trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

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187

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