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flag President Trump proposes a 200% tariff on drug imports from Australia, sparking trade tension.

flag US President Donald Trump proposed a 200% tariff on drug imports from Australia, threatening Australia's third-largest export to the US. flag The proposal follows lobbying by the US pharmaceutical sector, which has long criticized Australia's drug subsidy scheme. flag Treasurer Jim Chalmers stated that the Pharmaceutical Benefits Scheme will not be used in trade negotiations. flag Meanwhile, a 50% tariff on copper imports has minimal impact on Australia.

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