News Summary

• The U.S. will limit tariffs on pharmaceuticals, lumber and semiconductors imported from the E.U.
• President Donald Trump recently threatened the European pharmaceutical industry with tariffs as high as 250%.
• The European Union, as a whole, is the United States' largest trading partner.
• The United States will roll back tariffs on “unavailable natural resources (including cork), all aircraft and aircraft parts, generic pharmaceuticals and their ingredients and chemical precursors” to pre-January levels starting Sept. 1.