American Tariffs and Australian Medicine: what can we expect?

United Stated President, Donald Trump has expressed plans to impose tariffs on foreign imports, which could include Australian medicines.

With this comes a possible impact of the Albanese Government’s commitment to ensuring prescription medicines cost no more than $25 per script – a policy reaffirmed during this week’s pre-election budget – but could these prospective tariffs affect demand for Australian medicine supply and, the domestic cost of medicine for Australians?

Image: Image Pexels – stevepb

Produced By: Deakin Percy

Featured In Story: Professor Anthony Scott – Monash University – Centre for Health Economics, Monash Business School, and

First aired on The Wire, Thursday 27 March 2025