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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge and Julia Kollewe

Shares in European drug companies hit four-month low as Trump tariffs loom

Bayer office in Berlin, Germany.
Shares in the German drugmaker Bayer fell 9.9% on Wednesday. Photograph: Clemens Bilan/EPA

Shares in European pharmaceutical companies have sunk to a four-month low, after Donald Trump repeated his threats to introduce tariffs on drug imports “within the next week or so”.

Europe’s Stoxx Health Care index slid by 2.8% on Wednesday, falling to its lowest level since mid-April, shortly after the US president’s initial “liberation day” tariff announcements.

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