19 March 2025 - American medical giants have slammed the $18 billion pharmaceutical benefits scheme in a plea to US President Donald Trump to impose punitive tariffs on Australia because it subsidises medicines for millions of patients.

The US industry has named Australia’s PBS as one of the “egregious and discriminatory” programs to be targeted in Trump’s imminent decision on reciprocal tariffs, blaming the Australian policy for cutting prices and blocking American exporters.

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