Trump hints at timeline for tariffs on $1.6 billion of Aussie exports
US President Donald Trump has said he will "probably" impose tariffs on pharmaceutical drug imports from the end of July.
Speaking to reporters today, Trump said he would start out at a lower tariff rate and give companies a year to build domestic factories before they face higher import tax rates.
He said this could come into effect "at the end of the month".
Donald Trump has said he will "probably" impose tariffs on pharmaceutical imports at the end of July. (AP)
Australian exports to the US are already subject to a 10 per cent tariff, with Trump recently saying that could rise to 15 or 20 per cent by August 1.
But now it appears pharmaceutical exports could come in for special attention.
Trump previously said tariffs on pharmaceuticals could climb as hi...