US President Donald Trump has announced potential tariffs on pharmaceuticals and copper, with drug manufacturers given time to move production to the US before facing a 200 per cent tariff. Australia, a major exporter of pharmaceuticals to the US, could be significantly impacted by these tariffs. The Department of Commerce is still finalizing investigations into the need for these tariffs. Trump also mentioned a likely 50 per cent tariff on copper, aligning it with tariffs on aluminum and steel. The announcements come amid ongoing trade tensions and potential global trade wars.
Source: https://www.abc.net.au/news/2025-07-09/donald-trump-tariffs-copper-pharmaceutical-imports/105509914