Core Points - The U.S. has agreed to remove Section 232 tariffs on pharmaceutical goods from the U.K. as part of a new agreement [1] - The deal includes U.K.-based pharmaceuticals, pharmaceutical ingredients, and medical technology, with no future targeting of U.K. pricing practices during Trump's term [2] - The tariff exemption is contingent upon the U.K. reversing declining National Health Service expenditures on medicines and increasing the net price paid for new medicines by 25% [3] - This announcement is part of the U.S.-U.K. Economic Prosperity Deal framework, which aims to address tariffs and market access, with the potential for the U.K. to reduce tariffs on U.S. goods from 5.1% to 1.8% [4] - Trump has been focusing on pharmaceutical imports as part of a sector-specific tariff strategy, with a Section 232 investigation initiated in April [5] - Plans for a 100% sector-specific tariff on branded or patented pharmaceutical products were announced in September, alongside a probe into healthcare-related products [6]