RBA deputy warns of Brexit-scale impact as Trump threatens 200% tariffs on foreign pharmaceuticals
Andrew Hauser says it is puzzling' investors not more concerned by tectonic economic shifts emanating from Washington
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Labor is making urgent representations to the White House about Donald Trump's threat to impose 200% tariffs on drug imports to the US, amid growing warnings the US president's growing trade war will seriously damage the global economy.
Trump said on Wednesday that the punishing new border levies would be announced very soon" and come with a transition period that could last more at least a year, after sustained pressure from the US pharmaceutical industry over price controls on common drugs in countries like Australia.
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