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Trump unveils 100 percent tariff on drugs to push for pharmaceutical deals

US President Donald Trump has signed an executive order imposing up to 100% tariffs on patented pharmaceuticals imported into the US, aiming to bring manufacturing home and lower drug prices. Companies that move operations to the US or agree to pricing deals can see reduced or zero tariffs. Australia has resisted pressure to change its drug pricing scheme, while countries like the UK, EU, Japan, and South Korea have negotiated lower rates.

3 outlets · 3 articles Apr 3, 2026

(2nd LD) Trump gov't announces adjustments to metal tariffs, 100 pct pharmaceutical duty amid affordability concerns

The Trump administration has announced a major overhaul of U.S. tariffs on steel, aluminum, and copper, shifting to a simplified system based on full customs value, with 50% duties on primary metals and 25% on derivatives. Separately, a 100% tariff on patented pharmaceuticals not made in the U.S. has been introduced, but South Korea, Japan, Switzerland, and the EU are exempt due to bilateral trade deals. The changes have been met with mixed assessments from South Korean officials, who note reduced administrative burdens but potential increases for some industries.

1 outlet · 6 articles Apr 2, 2026

Macron says 'unrealistic' to open Hormuz Strait by force, urges Trump to 'be serious'

French President Emmanuel Macron, speaking during a state visit to South Korea, described any military operation to force open the Strait of Hormuz as unrealistic and criticised what he called inconsistent daily statements from US President Donald Trump on the Iran conflict and Nato. Macron defended the alliance’s value based on underlying trust and said the strait could only be reopened through a ceasefire and talks with Iran. Coverage across outlets highlighted both the strategic warning on Hormuz and personal and alliance-related friction.

4 outlets · 4 articles Apr 2, 2026

Trump to address nation at 9pm EST, outline Iran war endgame as Washington debates next phase

President Donald Trump is set to deliver a prime-time address on the Iran war, his first since the conflict began, amid speculation he may announce an end to hostilities and a US withdrawal timeline of two to three weeks. The speech comes as domestic pressure mounts and international diplomatic initiatives emerge, including a Pakistan-China peace plan and a UK-hosted meeting on the Strait of Hormuz.

3 outlets · 4 articles Apr 1, 2026

Australia’s Albanese says war's economic shock will be felt for months; urges using public transport

Prime Minister Anthony Albanese delivered a rare televised address to the nation, warning that the economic impact of the Middle East war will be felt for months and urging Australians to use public transport and avoid fuel stockpiling. The government announced temporary measures, including halved fuel excise and support for businesses, while the treasurer unveiled Covid-era support packages.

5 outlets · 8 articles Apr 1, 2026