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Trump's pharmaceutical tariffs target Australia
Published 3 weeks ago
Description
US President Donald Trump has imposed a 100% tariff on imported pharmaceuticals, though Australian Health Minister Mark Butler assures the price of PBS medicines will remain unaffected. Melbourne-based company CSL, which produces the majority of Australian pharmaceutical exports to the US worth $1.6 billion, has secured a tariff carve-out due to its heavy investment in American manufacturing. Additionally, 90 elite SAS soldiers have been deployed to the Middle East two weeks ago for potential emergency evacuations of Australian diplomats, following the US deployment of 5,000 Marines to the region.
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