# UK and US agree zero tariff deal on pharmaceuticals

By Danni Hewson — 2025-12-01

Danni Hewson, head of financial analysis at AJ Bell, said: “There was good news on tariffs for the UK, with a deal struck to maintain the current zero tariffs on pharmaceutical exports.

“But there was little market reaction, with GSK up a fraction and AstraZeneca ending the day down a touch.

“Both companies have already announced multi-billion pound investments into the US – something investors had anticipated would give them favourable treatment from a president focused on US manufacturing capabilities.”

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