US, UK agree to zero tariffs on medicines; UK commits to higher spending
The deal involves a major change in how the UK values drugs and will apply to all new medicines, not just US ones.

The deal involves a major change in how the UK values drugs and will apply to all new medicines, not just US ones.





![Carney’s plan aims to help protect the Canadian steel industry which employs more than 23,000 people [File: Marco Langari/Reuters]](/wp-content/uploads/2025/11/2025-11-23T081216Z_1350076382_RC282IAILOSF_RTRMADP_3_G20-SUMMIT-1764193107.jpg?resize=770%2C513&quality=80)
![Nvidia stock still remained elevated despite pressure from Beijing. It is up 1.8 percent in midday trading [Abdul Saboor/Reuters]](/wp-content/uploads/2025/11/2025-11-26T153854Z_1795794203_RC2F4IACGTFN_RTRMADP_3_FRANCE-AI-1764175330.jpg?resize=770%2C513&quality=80)


Despite White House claims, prices on key staples are on the rise, including cranberry sauce and potatoes.
The spat has rapidly escalated into a trade and diplomatic war set to affect businesses on both sides.
Beijing is expected to strike a conciliatory tone at this year’s G20 and expand its foothold in the African continent.
Mexican steel and aluminium exports to the US are down because of tariffs, hurting local small businesses.
The unemployment rate rose to 4.4 percent as the labour market cools.
Diplomatic dispute deepens between Tokyo and Beijing over Taiwan remarks by Japanese Prime Minister Sanae Takaichi.
The new slab will bring tariffs on Swiss imports to the same level as for the European Union.
President Lee Jae Myung said US also supports Seoul’s greater role in ‘uranium enrichment and spent-fuel reprocessing’.
On Wednesday, the White House said US President Trump is committed to the plan of sharing tariff revenue with Americans.
The carmaker first announced the plan for battery production in 2021.