Australian ministers have denounced the decision by United States President Donald Trump to slap a 100 per cent tariff on some pharmaceutical drugs made outside the US, with Australian-made products facing the highest levy.
Trump signed the executive order and delivered on a long-standing promise to tax foreign-made pharmaceuticals in a bid to pressure manufacturers to shift production to the US.
Health Minister Mark Butler said the decision was “not the act of a friend” and that the government would work with companies and exporters who might be impacted.
“I want to be clear though that this will have no impact on medicine prices in Australian pharmacy cabinets,” he added, noting they are protected by the Pharmaceutical Benefits Scheme (PBS).
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