US president says he will shortly announce the new tariff on pharmaceuticals but does not give any details
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Donald Trump says the US will soon introduce “a major tariff on pharmaceuticals” designed to force more manufacturing giants to relocate to America, a move that could further strain relations with Australia.
His comments come hours after his trade representative, Jamieson Greer, said the US should be “running up the score” with Australia and using money generated by tariffs to address a broader $1.2trn trade deficit with the rest of the world. The US maintains a trade surplus with Australia.
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