Trump risks $2B in Aussie meds

Over $2 billion of Australian medicinal and pharmaceutical exports may get hit with a Trump Tariff, if the US President follows through with threats against Australia and other nations.

The threat of tariffs on a wide range of goods from a wide range of countries has seen stock markets fall around the globe. The ASX joined the 'Trump Slump' yesterday with the All Ords losing about $50 billion before recovering slightly.

Australia has been trying to boost its local pharma manufacturing industry, both to create high-value manufacturing jobs and to increase sovereignty to buffer the nation against the vagaries of global supply chains.