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flag European drug firms warn Trump's tariffs could move research and manufacturing jobs to the U.S.

flag European pharmaceutical companies, through the EFPIA, have warned that President Trump's tariffs may drive drug research and manufacturing from Europe to the US. flag They fear the tariffs will make Europe less competitive compared to the US in areas like access to capital and regulatory efficiency. flag The industry is at risk of losing €103.2 billion in investments and R&D spending. flag They are calling for urgent policy reforms from the EU to retain their competitive edge and avoid a mass exodus of the pharmaceutical sector.

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