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Trump’s tariffs threaten Australia’s pharmaceutical industry prices

Trump’s tariffs may jeopardise Australia’s $1.1 billion pharmaceutical exports, risking essential medicine prices and healthcare quality.

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Trump’s tariffs may jeopardise Australia’s $1.1 billion pharmaceutical exports, risking essential medicine prices and healthcare quality.

In Short

Trump’s tariffs on steel and aluminium raise fears they could increase medicine prices in Australia, threatening its $1.1 billion pharmaceutical export industry. Prime Minister Albanese criticises the tariffs as unjustified but has ruled out retaliation, while industry experts warn against using health policies as trading leverage.

Fears have emerged that President Trump’s tariffs could adversely affect Australia’s pharmaceutical export industry, potentially raising medicine prices.

The Trump administration recently announced 25 per cent tariffs on steel and aluminium imports, sparking concern that Australia’s pharmaceutical exports, valued at approximately $1.1 billion in 2024, could face similar tariffs.

Prime Minister Anthony Albanese condemned the US tariff actions as unjustified and detrimental, indicating he would not retaliate with similar measures.

The pharmaceutical industry is a significant part of Australia’s economy and is critical to the $18 billion federal scheme that reduces essential medicine costs.

The US aims to protect its declining steel industry amidst increasing competition from Asia, particularly Canada, Brazil, and the EU.

US companies claim that Australia’s medicine pricing policies affect their earnings, raising concerns that they might push to reconsider the Pharmaceutical Benefits Scheme (PBS).

The PBS was instrumental in lowering the costs of 930 medications last year.

The Trump administration previously blamed the high costs of US medicines partly on foreign nations benefitting from US investment without contributing fairly.

Calls have been made for the Australian government to maintain a strong stance against US influence over its domestic health policies.

Albanese has ruled out retaliatory tariffs, highlighting the negative impact of trade wars on consumers.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Iran buries nuclear site entrances amid rising tensions with the U.S.

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Satellite images reveal that Iran has buried all three tunnel entrances at its Isfahan nuclear complex. Analysts say the move mirrors defensive preparations taken before U.S. airstrikes devastated the facility last year, with no vehicle or personnel activity visible around the entrances.

The burial appears aimed at limiting damage from potential airstrikes and complicating any ground raid targeting enriched uranium stored in the underground facility. Experts suggest equipment or materials may have been moved into the tunnels for protection, though this remains unconfirmed.

The fortification comes amid ongoing U.S.-Iran tensions. President Trump has demanded Iran curb its nuclear program, warning of military action, while Tehran insists halting uranium enrichment is unacceptable. Recent indirect talks in Oman showed little progress toward a new deal.


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Armed figure seen on CCTV as search intensifies for Savannah Guthries mother

CCTV shows armed figure near Nancy Guthrie’s home as search for the missing 84-year-old mother continues into week two.

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CCTV shows an armed figure near Nancy Guthrie’s home as the search for the missing 84-year-old mother continues into week two.

New CCTV footage has been released as police intensify the search for Nancy Guthrie, the mother of US Today show presenter Savannah Guthrie, who vanished in Tucson, Arizona.

The 84-year-old disappeared after returning home on January 31, with authorities now believing she may have been kidnapped during the early hours of February 1.

Investigators say the case has entered a critical phase as public attention grows around the alarming circumstances of her disappearance.

#BreakingNews #USNews #MissingPerson #TrueCrime #SavannahGuthrie #CCTVFootage #CrimeWatch #TickerNews


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Trump hints at military pressure as U.S. and Iran resume nuclear talks

US-Iran restart nuclear talks in Oman amid cautious optimism, while Trump considers military escalation and Israel demands stricter missile terms.

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US-Iran restart nuclear talks in Oman amid cautious optimism, while Trump considers military escalation and Israel demands stricter missile terms.

The United States and Iran have returned to the negotiating table in Oman, marking a fresh attempt to ease escalating nuclear tensions between the two long-time rivals. President Donald Trump described the talks as promising, suggesting momentum toward further discussions.

Iran’s Foreign Minister echoed cautious optimism, calling the meetings a positive first step while acknowledging deep-seated trust issues remain unresolved. At the heart of the talks is a major sticking point — the White House’s insistence that Iran dismantle its nuclear capability entirely.

Iran, however, maintains it has a sovereign right to enrich uranium, setting the stage for difficult negotiations ahead as both sides test whether diplomacy can hold.

#USIran #NuclearTalks #MiddleEastPolitics #Trump #IranNuclear #GlobalDiplomacy #WorldNews #TickerNews


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