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.

Source

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Number of interventions

4

0 certainly harmful

4 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Updated: 04 Nov 2025
FDI: Financial incentive

Recent update from 04 Nov 2025:

On 30 September 2025, the U.S. Administration announced an agreement with Pfizer Inc. Under the agreement, Pfizer committed to further its investments in manufacturing in the United States. In retu...

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Updated: 13 Oct 2025
Localisation, nes

Recent update from 13 Oct 2025:

On 30 September 2025, the U.S. Administration announced an agreement with Pfizer Inc. Under the agreement, Pfizer will be exempt from future Section 232 tariffs on pharmaceutical products for three...

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Updated: 13 Oct 2025
Tax or social insurance relief

Recent update from 13 Oct 2025:

On 30 September 2025, the U.S. Administration announced reaching an agreement with Pfizer Inc. Under the agreement, Pfizer will be exempt from future Section 232 tariffs on pharmaceutical products ...

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Updated: 13 Oct 2025
Import tariff

Recent update from 13 Oct 2025:

On 30 September 2025, the U.S. Administration announced an agreement with Pfizer Inc, granting the company a three-year grace period from Section 232 pharmaceutical tariffs. In exchange for this ex...

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