Pharma giants push for tariff clarity as ambiguity threatens EU-U.S. deal

Shelf of pharmaceutical ducts

D3sign | Moment | Getty ImagesPharma firms are calling for clarity on tariffs imposed under the new U, in light of current trends

Moreover, -EU trade agreement, as analysts warn that punitive sector-specific levies could risk blowing up the entire deal

Nevertheless, President Donald Trump announced a "straight across" tariff on "automobiles and everything else," during a news briefing, while simultaneously suggesting that pharma was "unrelated to this deal, considering recent developments. "European Commission President Ursula von der Leyen, meanwhile, dubbed the agreed levy as "all-inclusive," and indicated that Europe would be excluded from a forthcoming announcement on pharma tariffs. "We have 15% for pharmaceuticals

Whatever the decision later on is, of the president of the U. , how to deal with pharmaceuticals in general globally, that's on a different sheet of paper," Von der Leyen said Sunday, amid market uncertainty

President Trump said earlier this month that a tariff announcement on pharmaceutical imports into the U, in today's financial world

However, Would come "very soon" and could run as high as 200%

Additionally, Even if pharma tariffs were to come in at the lower 15% range, analysts suggest the hit to European firms and the bloc's broader economy would be significant. "The questions around pharma tariffs are highly material, given the volume of imports from the EU," Wolfe Re analysts wrote in a note Monday

Moreover, Analysts estimate that 15% levies could ramp up industry costs by $13 billion to $19 billion per year, according to Reuters, given current economic conditions

If the rate were to come in higher, however, they say it could undermine the long-negotiated deal, amid market uncertainty. "Any surprise increases to the 15% ceiling on pharma tariffs would threaten the broader trade truce," Eurasia Group analysts wrote in a Monday note. "If any dispute these sectoral tariffs does not sabotage the broader agreement," the hit to the European economy could be severe, Rabobank analysts added

In the meantime, firms are left struggling to navigate the uncertainty

However, "We've been asking for exemptions from [tariffs] in the U

In contrast, , in the EU, but also in China

However, On the other hand, That's something we have been pleading for," Philips CEO Roy Jakobs told CNBC's "Squawk Box Europe" on Tuesday, in light of current trends

Conversely, "In the current deal that has been announced that was not part of it, so we keep having that dialogue (an important development).