Donald Trump takes aim at drug companies in latest threat to PBS
Until September 29, he wrote to companies to commit goals, “Other countries have been improving US innovation for a long time; it is time to pay their fair shares,” he wrote.
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If drug producers refuse to step, the administration wrote to “every vehicle in our ammunition to end“ malicious drug pricing practices ”.
It was not immediately clear how Trump’s instructions would intersect with PBS wider. Drug therapy is already managed within the scope of the US-Australian Free Trade Agreement.
Trump also promised to bring 200 percent tariffs to the import of drugs that earn more than $ 2 billion dollars per year in Australian drug products. The Australian government said he was looking for more details about the plan in early July.
American drug producers have long been involved in PBS for a long time, which has restricted market access or the value of innovative products for unprecedented products.
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An Industrial Lobby Group, Pharmaceutical Research and American manufacturers, presented the PBS to the US trade representative this year, saying that it threatens market competitiveness in the list of “terrible and discriminatory” policies.
Health Minister Mark Butler Spokesperson of the government I do not negotiate about the future of PBS.
“Our government continues to offer cheaper drugs for Australians,” he said.
“PBS is not for negotiation.”
Trump’s latest drug mission comes while preparing to sign the executive orders to sign new tariffs to the US major trading partners, including a potential increase in the 10 percent “basic” tariff rate applied to imports from Australia.
Trump said that the ratio would rise to 15 or 20 percent, but the Australian government was kept in the dark as to whether it would be valid for Australia.
“These debates are today with the trade team,” the White House said the Press Secretary Karoline Leavitt referred to the tariff rates for countries that do not sign an agreement with Trump in Washington on Thursday.
“The answer to this question will be at the order of the execution… I will not prevent the president on this basis.”
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Leavitt said that the president had telephone calls from world leaders and that there was still time to hit a trade “agreement önce before midnight in Washington before the tariffs that came into force on Friday.
Meanwhile, the Washington Time, which was brought by a series of small businesses, including a legal challenge, and a new York -based wine importer, was heard at a Court of Appeal on Thursday.
In May, the Manhattan International Commercial Court found Trump’s so -called mutual tariffs illegal because the President lacked the authority to impose them using emergency forces.
Appeal judges were not convinced during the appeal on Thursday. “[The emergency powers law] Everywhere, he doesn’t even mention the word ‘tariffs’, ”he said, Jimmie Reyna said with a sign of the panel’s incredible to the arguments of a government lawyer’s arguments.
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Trump thanked his lawyers and wished them far ahead of the hearing. “Tariffs make America wonder and rich again, Tr Truthsocial wrote.
“They have been successfully used against the United States for decades, and when it was combined with really stupid, pathetic and distorted politicians, we have a destructive effect on the future and survival of our country.
Australia has no tariffs on US imports, and the Australian government continued a fair agreement with Australia, including zero US tariffs.
Brittany busch with AP
