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The Guardian - AU

Business

Tom McIlroy and Benita Kolovos

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

United States Donald Trump Mark Butler Australia Anika Wells CSL the White House

Mark Butler — The health minister, Mark Butler, says the Australian government will not succumb to pressure to lift drug prices after Donald Trump’s new drug tariff. Photograph: Rob Burnett/AAP

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.

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