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European pharma shares drop after Trump threatens more tariffs

Published by Global Banking & Finance Review

Posted on September 26, 2025

1 min read

· Last updated: January 21, 2026

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European pharma shares drop after Trump threatens more tariffs
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LONDON (Reuters) -Shares in Europe's biggest pharma companies fell in early trading on Friday, after U.S. President Donald Trump unveiled a new round of punishing tariffs, including 100% duties on

European Pharma Stocks Decline Following Trump's Tariff Threats

Impact of Tariffs on European Pharma

LONDON (Reuters) -Shares in Europe's biggest pharma companies fell in early trading on Friday, after U.S. President Donald Trump unveiled a new round of punishing tariffs, including 100% duties on branded drugs.

Market Reaction

The announcements, made on Truth Social, did not include details about whether the new levies would apply on top of national tariffs or whether economies with trade deals such as the European Union and Japan would be exempted. Tokyo said it was still analyzing the potential impact of the new measures.

Details of the Tariff Announcement

Shares in Novo Nordisk, Roche, Novartis and Astrazeneca were down betweeen 1.8% and 2% on the Tradegate platform.

(Reporting by Amanda Cooper; Editing by Anna Pruchnicka)

Key Takeaways

  • Trump announces new tariffs on branded drugs.
  • European pharma shares drop between 1.8% and 2%.
  • Uncertainty over tariff application on EU and Japan.
  • Major companies affected include Novo Nordisk and Roche.
  • Market reacts to announcements made on Truth Social.

Frequently Asked Questions

What prompted the decline in European pharma shares?
Shares in Europe's biggest pharma companies fell after U.S. President Donald Trump announced a new round of tariffs, including 100% duties on certain products.
Which companies saw a drop in their stock prices?
Shares in Novo Nordisk, Roche, Novartis, and Astrazeneca were down between 1.8% and 2% on the Tradegate platform.
Where did Trump announce the new tariffs?
The announcements regarding the new tariffs were made on Truth Social.
Are the new tariffs in addition to existing national tariffs?
The announcements did not clarify whether the new levies would apply on top of national tariffs or affect economies with trade deals like the European Union.

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