At long last, the Trump administration’s much-ballyhooed tariffs on pharmaceutical imports are materializing in a trade deal with the European Union. | As part of a trade agreement reached Sunday between the U.

Pharmaceutical companies are seeking clarification on tariffs imposed under the new US-EU trade agreement . Analysts caution that sector-specific punitive levies could jeopardise the entire deal, according to a CNBC report.

The EU has agreed to a 15% tariff on most of its exports to the US, a steep rate likely to impact European industries. In return, US tariffs on EU goods will drop to a baseline 5%, far lower than Trump’s earlier threat of 30%.