Eli Lilly boss: 'Tariffs are pivotal moment and hard to come back from'

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Eli Lilly boss: 'Tariffs are pivotal moment and hard to come back from' - BBC Business

Quick Summary:

Because of their complex supply chains and the often life saving products they make, pharmaceutical companies along with microchip makers were temporarily exempted from the tariffs imposed on all products imported into the US.

The boss of US pharmaceutical giant Eli Lilly says there is no looking back from Donald Trump's decision to impose sweeping tariffs on imports from the rest of the world.

Mr Ricks said countries like Germany spend nearly double of their health budget on medicines."The UK is not a large market.