{"id":324276,"date":"2025-12-01T15:29:07","date_gmt":"2025-12-01T15:29:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/324276\/"},"modified":"2025-12-01T15:29:07","modified_gmt":"2025-12-01T15:29:07","slug":"us-uk-deal-slashes-tariffs-on-medicines-boosting-nhs-spending","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/324276\/","title":{"rendered":"US-UK deal slashes tariffs on medicines, boosting NHS spending"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The United States announced a deal with Britain for zero tariffs on pharmaceutical products and medical technology on Monday, which will lead to Britain spending more on medicines.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The deal included an increase in the percentage of the state-run National Health Service (NHS) budget that is spent on medicines.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cThe United States and the United Kingdom announce this negotiated outcome pricing for innovative pharmaceuticals, which will help drive investment and innovation in both countries,\u201d United States Trade Representative (USTR) Jamieson Greer said in a statement.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The office of the USTR statement said that Britain would increase the net price it pays for new medicines by 25 per cent under the deal. In exchange, UK-made medicines, drug ingredients and medical technology would be exempted from so-called Section 232 sectoral tariffs.<\/p>\n<p><img decoding=\"async\" alt=\"US\u2019 Trade Representative Jamieson Greer. Photo: AFP\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/img.i-scmp.com\/cdn-cgi\/image\/fit=contain,width=1024,format=auto\/sites\/default\/files\/d8\/images\/canvas\/2025\/12\/01\/7709f116-5a0d-480d-8926-99eb8b448ef4_741ac6ff.jpg\" title=\"US\u2019 Trade Representative Jamieson Greer. Photo: AFP\"\/>US\u2019 Trade Representative Jamieson Greer. Photo: AFP<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Two sources familiar with the deal said it involved a major change in the value appraisal framework at NICE, a UK government body that determines whether new drugs are cost-effective for the NHS, the sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"The United States announced a deal with Britain for zero tariffs on pharmaceutical products and medical technology on&hellip;\n","protected":false},"author":2,"featured_media":324277,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,165548,7676,12538,10473,165550,16450,1888,3,34745,165549,247,38575,165546,21921,26099,165547,21,19,22,20,25,24],"class_list":["post-324276","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-andrea-shalal","tag-britain","tag-commerce-department","tag-department-of-health-and-human-services","tag-franklin-paul","tag-medical-technology","tag-national-health-service","tag-news","tag-pharmaceutical-companies","tag-pharmaceutical-ingredients","tag-pharmaceuticals","tag-reuters","tag-susan-heavey","tag-u-k","tag-u-s-government","tag-u-s-trade-representative","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/324276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=324276"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/324276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/324277"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=324276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=324276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=324276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}