Global Trade Alert
Global Trade Alert

United States of America: Agreement with Pfizer on most-favored-nation drug pricing and tariff exemption

Announcement

30 Sep 2025

In September 2025, the United States government announced an agreement with Pfizer to implement most-favored-nation drug pricing for American patients. The agreement secured a three-year reprieve for Pfizer from prospective tariffs on the pharmaceutical industry.

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Number of interventions

3

0 certainly harmful

3 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Updated: 13 Oct 2025
Local operations incentive
On 2 April 2026, the U.S. Administration issued a proclamation imposing Section 232 tariffs on imported patented pharmaceuticals and related pharmaceutical ingredients. Under the proclamation, a 0% ta...
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Updated: 13 Oct 2025
Tax or social insurance relief
On 2 April 2026, the U.S. Administration issued a proclamation imposing Section 232 tariffs on imported patented pharmaceuticals and related pharmaceutical ingredients. Under the proclamation, a 0% ta...
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Updated: 13 Oct 2025
Import tariff
On 2 April 2026, the U.S. Administration issued a proclamation imposing Section 232 tariffs on imported patented pharmaceuticals and related pharmaceutical ingredients. Under the proclamation, a 0% ta...
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