New Trump tariffs would burden chemical and pharma industries, says industry group
ReutersJan 19, 2026 1:14 PM
BERLIN, Jan 19 (Reuters) - Additional U.S. tariffs would burden the chemical and pharmaceutical industries on both sides of the Atlantic, German industry group VCI said on Monday.
"A tariff spiral would cause high economic costs in both Europe and the U.S.," VCI said in a statement. "U.S. President (Donald) Trump is counting on Europe being divided. Europe's response can therefore only be unity – united, determined and at all levels."
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