US and UK set to agree zero tariffs deal on pharmaceuticals

A major deal between the UK and the US to lower threatened tariffs on pharmaceuticals to zero is expected imminently.

Pharmaceutical industry sources have told the BBC that a deal to lower planned tariffs on medicine imports into the US could be announced as soon as today.

The deal comes after several pharmaceutical giants decided to either reduce spending in the UK or increase their US investments following threats of tariffs as high as 100% on branded drug imports.