Trump's SHOCK Tariff U-Turn: Will YOUR Drugs Cost More? | JQJO

President Trump has lowered planned tariffs on European Union pharmaceutical and semiconductor imports to 15%, down from a threatened 250% and 100%, respectively. This follows a trade deal agreed upon last month with European Commission President Ursula von der Leyen. The reduced tariffs are contingent on the EU passing legislation to eliminate US export tariffs. While initially excluded, pharmaceuticals and semiconductors are now included in the 15% tariff reduction. This agreement is considered a first step in a broader trade relationship.