Australia says it won’t raise drug prices after Trump’s 100% tariff on pharmaceuticals imported into US

Health minister Mark Butler says federal government is ‘not negotiating’ when it comes to removing price protections on common medications

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Australia will not cave in to pressure from pharmaceutical giants and the Trump administration by removing consumer price protections on common medications, the health minister, Mark Butler says.

Donald Trump imposed a new 100% tariff on branded pharmaceuticals imported into the US overnight, Australian time, trying to force manufacturers to agree to drug-pricing deals or commit to making their products domestically.