New trade deal pushes UK to increase drug spending to avoid Trump tariffs

The United States and the United Kingdom announced a high-level trade deal Monday that would exempt U.K. pharmaceuticals from U.S.-imposed tariffs in exchange for Britain paying more for medicines. President Trump has long complained that wealthy nations don’t pay enough for prescription drugs, forcing the U.S. to shoulder more of the price burden. The announcement marks a further development in Trump’s quest to tie domestic prices to those…