pharmaceutical

Key elements include the rapid sharing of data about new diseases, to ensure scientists and pharmaceutical companies can work more quickly to develop treatments and vaccines.

The work was funded by pharmaceutical company GSK which makes the new tablets.

The Budget Lab at Yale forecasts that prices for clothing could soar by more than 60% in the short run; basic pharmaceutical products could jump by 12%, and food prices rise by 2.6%.

She added that manufacturing, electronics and pharmaceutical businesses performed well, and the car making industry also picked up after "its recent poor performance".

There are exemptions for pharmaceuticals and microchips and some other items.