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flag U.S. 100% tariffs on imported drugs start Oct. 1, 2025, threatening Australia’s low-cost drug program and global supply chains.

flag The U.S. Trump administration’s plan to impose a 100% tariff on imported branded pharmaceuticals starting October 1, 2025—unless manufacturers build U.S. facilities—threatens Australia’s $18 billion Pharmaceutical Benefits Scheme, which keeps drug prices low. flag The policy risks disrupting access to essential medicines, especially for vulnerable populations, and has caused sharp stock drops, though some companies like CSL and Pro Medicus say they are unaffected. flag Global markets reacted with volatility, followed by rebounds, reflecting widespread concern over U.S. trade policy shifts and their impact on global supply chains and public health systems.

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