Europe Seeks to Abolish Tariffs in $597 Billion Medical Trade
- Proposal would reduce duties on necessary medical goods
- Deal may unsnarl global supply chains of life-saving equipment
Photographer: Ina Fassbender/AFP via Getty Images
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The European Union is seeking to permanently eliminate tariffs on medical goods needed to respond to the Covid-19 health crisis, which could cover a range of products valued at about $597 billion per year.