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Germany tackles U.S. tariff threats in high-stakes pharma summit

With 25% of exports headed to America, Germany’s pharma leaders race to shield the industry. Will new policies outmaneuver looming U.S. tariffs?

In the image it seems like it is a round table meeting in which there are delegates sitting around...
In the image it seems like it is a round table meeting in which there are delegates sitting around the table and discussing with each other. On the table there is mic,papers,wires,files on it. At the background there is wooden wall.

Federal Government Invites Pharmaceutical Industry for Dialogue at Chancellery - Germany tackles U.S. tariff threats in high-stakes pharma summit

The German federal government is set to discuss the state of the pharmaceutical sector in a crucial meeting at the Chancellery on November 12. Led by Thorsten Frei, the meeting aims to address the industry's concerns, particularly the threat of U.S. tariffs on EU pharmaceuticals, which could be capped at 15%.

The pharmaceutical industry's main concern is the potential impact of U.S. tariffs, with a quarter of its exports destined for the American market. Despite the current trade dispute, Germany's pharmaceutical sector has seen revenue, production, and investment rise by about 3% this year. The meeting will bring together corporate and industry association representatives to discuss the framework conditions in Germany for the pharmaceutical industry.

The coalition agreement plans to merge long-standing initiatives like the Pharmaceutical Strategy and Pharma Dialogue into a comprehensive process. Health Minister Nina Warken, Economic Affairs Minister Katherina Reiche, and Research Minister Dorothee Bär will also attend the meeting to discuss the industry's future.

The upcoming meeting at the Chancellery is a significant step towards addressing the pharmaceutical industry's concerns, particularly the looming threat of U.S. tariffs. With key ministers and industry representatives in attendance, the meeting aims to shape the future of the sector and ensure its continued growth and success.

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