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United States of America: Agreement with Bristol Myers Squibb on Most-Favoured-Nation drug pricing and tariff exemption

Description

On 19 December 2025, the United States announced a deal with Bristol Myers Squibb. Under the deal, the U.S. Administration will delay the implementation of Section 232 tariffs on pharmaceutical produc...

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Intervention Details

Intervention Type

Local operations incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

31 Jul 2026

Revocation date

20 Jan 2029

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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