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Trump Lowers Tariffs on Steel, Pharmaceuticals Amid EU Talks
4/5/2026
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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.
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