Medicines must be protected from customs duties, says Sweden’s Lif

According to the country’s trade group LIF, Sweden must be a driving force in the European Union (EU) to ensure that pharmaceuticals continue to be exempt from tariffs and that a negotiated solution with the US must be reached. That was the message when the Lif and other export industries met with the government last week.

The global economy is currently experiencing mixed messages and sharp reversals from the US administration regarding foreign trade. The announcement earlier this week from President Donald Trump of upcoming high tariffs on pharmaceutical imports was followed the next day by the announcement that all upcoming tariffs would be paused for 90 days.

Everyone loses in a trade war