Afternoon Update: concerns over Trump pharma threat; RecipeTin Eats cook speaks after mushroom trial; and a tiny four-legged hero

Treasurer Jim Chalmers says ‘our Pharmaceutical Benefits Scheme is not something that [we are] willing to trade away’. Photograph: Lukas Coch/AAP

Good afternoon. Labor is making urgent representations to the White House about Donald Trump’s threat to impose 200% tariffs on drug imports to the US, an announcement Jim Chalmers says is “very concerning” for the Australian economy.

The US president said on Wednesday that the punishing new border levies would come with a transition period of about a year, after sustained pressure from the US pharmaceutical industry over price controls on common drugs in countries like Australia.