‘No wonder the ASX lost $20 billion': Trump flags tariffs on pharmaceuticals
This comes amid today's blow to the ASX of around $20 billion.
'I think it's much worse news for Australia than other tariffs – after all, pharmaceuticals are one of those few areas beyond the mining … where we really have a comparative advantage,' Mr Switzer told Sky News host Chris Kenny.
'Our innovators do a tremendous job of converting complicated technology into commercial success.
'No wonder why the ASX today lost $20 billion – even more reason for Canberra to have greater access to Washington to try to cushion the blow.'
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