Shares in European drug companies at three-month low as Trump tariffs loom

President repeats threat to bring in levies ‘within next week or so’ in attempt to get companies to move production to US

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

Europe’s STOXX Healthcare index slid by 1.6% on Wednesday morning, falling to its lowest level since mid-April, shortly after Trump’s initial “liberation day” tariff announcements.