Business News

Why Australia is right to put affordable medicine ahead of beating US pharmaceutical tariffs

Written by Felicity Deane, Professor of Trade Law and Taxation, Queensland University of Technology

From July 31, the United States will impose up to 100% tariffs on pharmaceuticals coming into the US. Some Australian-made exports look set to pay that highest rate, while some other countries – including the UK, Japan and the European Union – have negotiated lower rates.

The new US tariffs are not specific to Australian-made products....

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Why Australia is right to put affordable medicine ahead of beating US pharmaceutical tariffs

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