Uncertainty is swirling around the threat made by Donald Trump to hit pharmaceutical imports with a 200 per cent tariff. While the Pharmaceutical Benefits Scheme has bipartisan support, we unpack why its being targeted by US lobbyists and how our industry is preparing. 

Then, the US President has confirmed that US allies — like Japan and South Korea — will face 25% tariffs from next month. In response, Japanese Prime Minister Shigeru Ishiba said the latest tariff announcement was 'truly regrettable'. We'll get the latest from Tokyo. 

And Prime Minister Anthony Albanese is packing his bags for a trip to China. Laura Tingle will join him, but first shares some important details with us. 

And then, guman rights groups and lawyers have denounced an Israeli proposal to place Gaza's population into large scale camps, built on top of the ruins of Rafah.

Recap the morning's news, politics and global affairs with the Breakfast Wrap