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International Business Times

Vidhya Ck

US Pharma Lobby Targets Australia's AU$18B PBS, Urges Trump To Impose Punitive Tariffs

PBS United States Australia Jamieson Greer Trade Trump Administration Donald Trump PBAC PhRMA CSL

The PBS works by negotiating lower prices for medicines with suppliers, making medications more affordable for Australians. (Credit: IBTimes AU)

U.S. pharmaceutical companies have strongly criticized Australia's AU$18 billion Pharmaceutical Benefits Scheme (PBS), calling for President Donald Trump to impose punitive tariffs on the country.

The pharmaceutical industry argues that PBS, which subsidizes medicines for millions of Australians, has hurt American exports and devalued U.S. innovations in medicine, the Sydney Morning Herald reported.

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