Trade
Australia
Trump's 100% Pharmaceutical Tariff Hits Australia. The PBS Won't Move.
The United States imposed a 100% tariff on pharmaceutical exports from Australia, citing the PBS pricing system as a trade barrier. Health Minister Mark Butler and Opposition Leader Angus Taylor both said the PBS will not change. CSL, Australia's largest pharma exporter, is reviewing the impact.
Trade
Liberation Day, One Year On: How Australia's 10% Tariff Played Out
A year after Trump's Liberation Day tariffs hit 185 countries, Australia remains at the 10% floor rate, the lowest applied globally. Exports have shifted, the trade relationship has held, but new pharmaceutical tariffs and an escalating Iran situation are adding fresh complications.
Trade
Trump's 100% pharma tariffs hit Australia's $1.3bn export pipeline
White House frames drug import levies as national security. Health Minister Butler says PBS pricing non-negotiable. CSL likely exempt.