Tariffs/TradeIMPORTANT

USTR says they have commenced a Section 301 probe of Germany regarding pharmaceuticals, to determine whether persistent underpayment for innovative pharmaceutical products by Germany is unreasonable or discriminatory

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USTR will hold a hearing in connection with these investigations on September 22nd, 2026.Potential means/tools that could follow: supplemental discounts in exchange for confidentiality of negotiated prices; and mandatory variable rate rebates. USTR Greer:"I am particularly concerned with news that Germany is fast-tracking legislation that would further reduce its spending on innovative pharmaceuticals"

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