Pharmaceutical industry fears fresh tariffs

DONALD Trump has threatened to strike another blow to the UK economy by imposing tariffs on pharmaceuticals, one of Britain's largest export industries.

- By Jonathan Walker

The US president said charges could come into force in the “not too distant future”.

Pharmaceuticals are Britain’s second largest export to the US after cars and are worth an estimated £7.2billion.

Any new fees would probably be global, applying to imports from any part of the world, including the UK.