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Holly Williams

AstraZeneca unveils plans for £37bn investment in US amid tariff threats

AstraZeneca Donald Trump United States America

Drug maker AstraZeneca has announced plans to invest £37 billion in the US over the next five years (Lynne Cameron/PA) - (PA Wire)

Drug maker AstraZeneca has announced plans to invest 50 billion dollars (£37 billion) in the US over the next five years amid the looming threat of President Donald Trump’s trade tariffs.

The Cambridge-headquartered firm said the investment will fund a new “state-of-the-art” manufacturing facility in Virginia – set to be its largest single manufacturing investment in the world.

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