US President Donald Trump will slug branded pharmaceuticals with a 100 per cent tariff if manufacturers do not have an American manufacturing plant under construction by Wednesday, sending Australian authorities scrambling to assess the implications for $2 billion worth of exports.

Trump announced this fresh round of tariffs on social media platform Truth Social on Friday, giving manufacturers a deadline of five days to start building plants to escape the extra costs.

US President Donald Trump announced 100 per cent tariffs on pharamceuticals via Truth Social. Credit: Bloomberg

“Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America. ‘IS BUILDING

See Full Page