Global Trade Alert
Global Trade Alert

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

Announcement

19 Dec 2025

In December 2025, the United States government announced an agreement with Novartis to implement most-favoured-nation drug pricing for American patients.

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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: 05 Apr 2026
Local operations incentive

Recent update from 05 Apr 2026:

On 19 December 2025, the U.S. Administration announced an agreement with Novartis. Under the agreement, Novartis expects to receive three years of relief from the potential Section 232 pharmaceutic...

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Updated: 05 Apr 2026
FDI: Financial incentive

Recent update from 05 Apr 2026:

On 19 December 2025, the U.S. Administration announced an agreement with Novartis. Under the agreement, Novartis committed to make investments in R&D and manufacturing in the United States. In ...

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Updated: 05 Apr 2026
Tax or social insurance relief

Recent update from 05 Apr 2026:

On 19 December 2025, the U.S. Administration announced reaching an agreement with Novartis. Under the agreement, Novartis expects to receive three years of tariff relief from the potential Section ...

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Updated: 05 Apr 2026
Import tariff

Recent update from 05 Apr 2026:

On 19 December 2025, the United States announced an agreement with Novartis providing the company with three years of tariff relief from the potential Section 232 pharmaceutical tariffs. In exchang...

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