import

The United States on Monday exempted British pharmaceuticals from import tariffs under a unique deal which sees the UK increase spending on American drugs by 25 percent.

“Suppliers are finding more and more errors when attempting to export to the U.S. — before I even have the opportunity to import.”

The deal comes after several pharmaceutical giants decided to either reduce spending in the UK or increase their US investments following threats of tariffs as high as 100% on branded drug imports.

The Bureau of Labor Statistics will release delayed September export and import price data on Wednesday.

Beijing wields travel advisories and import bans rather than formal sanctions.