US Big Pharma Lobbies Trump to Tariff Australian Drug Imports

The move is aimed at securing leverage over Australia’s Pharmaceutical Benefits Scheme.
US Big Pharma Lobbies Trump to Tariff Australian Drug Imports
An illustration picture shows a drop from a syringe with the logo of US pharmaceutical company Pfizer on Nov. 17, 2020. Justin Tallis/AFP via Getty Images
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Health Minister Mark Butler has sought to reassure Australians that there won’t be any changes to the nation’s $18 billion Pharmaceutical Benefits Scheme (PBS) following calls for punitive tariffs on Australian medications imported by the United States.

U.S. pharmaceutical companies, via the Pharmaceutical Research and Manufacturers of America (PhRMA), have expressed concern about Australia’s PBS, which subsidises the cost of medicine so that residents can buy drugs at a lower price.

Crystal-Rose Jones
Crystal-Rose Jones
Author
Crystal-Rose Jones is a reporter based in Australia. She previously worked at News Corp for 16 years as a senior journalist and editor.