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AAP
AAP
Sam McKeith

UNBELIEVABLE: Australia to cop deeper impact from new us meds tariffs - The Untold Story

United States Donald Trump Australia CSL Lukas Coch Mark Butler Stephen Duckett
Donald Trump is whacking yet another tax on imported goods: a 100 per cent levy on pharmaceuticals. (Lukas Coch/AAP PHOTOS)

US President Donald Trump's fresh tariff hike on branded pharmaceuticals could dampen investment and research in Australia's $2.6 billion export industry.

On Friday, Mr Trump said the US would place a 100 per cent tariff on branded or patented pharmaceutical product imports from October 1  unless a pharmaceutical company was building a manufacturing plant in the US.

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