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flag U.S. to impose 100% tariffs on imported branded drugs unless made in America, threatening Australia’s low-cost medicine program.

flag The U.S. has proposed a 100% tariff on imported branded pharmaceuticals starting October 1, 2025, unless manufacturers build U.S. production facilities, threatening Australia’s affordable medicine program. flag The move risks undermining Australia’s Pharmaceutical Benefits Scheme, which keeps drug costs low for millions, and has already triggered market volatility, with some health stocks dropping sharply before rebounding on reassurances from certain companies. flag The policy reflects broader U.S. trade shifts toward reshoring and protectionism, raising concerns about global supply chain stability and healthcare access.

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