Drooid Logo
Back to today’s briefing

Story perspectives

Trump Lowers Tariffs on Steel, Pharmaceuticals Amid EU Talks

4/5/2026

37 6 Full Breakdown

1 of 2

Trump Revises Tariffs
  • U.S. President Donald Trump revised tariffs as the European Union (EU) pursues a trade agreement.
  • The changes were announced on Liberation Day, lowering duties on steel and pharmaceuticals.
  • The EU will face a 15 percent tariff on pharmaceutical exports and the United Kingdom will face a 10 percent rate.
  • Some steel products remain at 25 percent, and European Parliament remains unsatisfied as negotiations continue among EU institutions before final approval.
1 / 2