Pfizer not subject to pharma tariffs during 3 year grace period, CEO says

ReutersSep 30, 2025 4:37 PM

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WASHINGTON, Sept 30 (Reuters) - U.S. drugmaker Pfizer PFE.N will not be subject to "Section 232" pharmaceutical tariffs if it moves production to the U.S. during a three-year grace period, CEO Albert Bourla told reporters.

Bourla spoke in an Oval Office event with U.S. President Donald Trump at the White House after striking a deal with his administration on drug prices.

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