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Belgium, home to US Pfizer’s major European production facilities, exported over $73 billion in pharmaceuticals in the first 10 months of 2024, with 25% going to the US.

Video. Did pharma sector dodge Trump’s tariffs? The EU's not so sure

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The fear of a trade war over pharmaceuticals between the EU and the US has been avoided for now, but the European Commission remains on guard, considering further tariff deployments likely.

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