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Global Trade Alert

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

Description

On 19 December 2025, the U.S. Administration announced reaching an agreement with Merck. Under the agreement, Merck will receive a three-year delay of Section 232 tariffs, provided that the company ma...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

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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