US Opens Section 301 Tariff Probe Against Germany Over Pharmaceuticals

The US has launched a Section 301 investigation into Germany, citing persistent underpayment for innovative pharmaceutical products. No specific tariff figures have been announced yet, but the probe signals potential levies on German goods as retaliation. EUR/USD is the primary pair to watch, as escalating US-Germany trade tensions add pressure on the euro. USD/CHF may also react given Switzerland's proximity to eurozone trade risk. Traders should monitor for retaliatory rhetoric from the EU, which could accelerate euro weakness.