Posted by Michael Wonder on 20 Mar 2025
Australia defends PBS as US companies urge Trump to impose reciprocal tariffs
19 March 2025 - American medical giants have labelled the federal government's PBS "egregious and discriminatory" and have pressed US President Donald Trump to target Australia when he imposes sweeping "reciprocal tariffs" on trading partners next month.
A lengthy letter sent from a US pharmaceutical industry representative body to US trade representative Jamieson Greer said the PBS amounted to "damaging pricing policies" that undervalued American innovation and threatened billions of dollars in lost sales.
