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West Australian
4 minutes ago
- West Australian
US doubles reward for arrest of Venezuelan president
The Trump administration is doubling to $US50 million ($A77 million) a reward for the arrest of Venezuela's President Nicolás Maduro, accusing him of being one of the world's largest narco-traffickers and working with cartels to flood the US with fentanyl-laced cocaine. "Under President Trump's leadership, Maduro will not escape justice and he will be held accountable for his despicable crimes," Attorney General Pam Bondi said Thursday in a video announcing the reward. Maduro was indicted in Manhattan federal court in 2020, during the first Trump presidency, along with several close allies on federal charges of narco-terrorism and conspiracy to import cocaine. At the time, the US offered a $US15 million reward for his arrest. That was later raised by the Biden administration to $US25 million - the same amount the US offered for the capture of Osama bin Laden following the attacks of September 11, 2001. Despite the big bounty, Maduro remains entrenched after defying the US, the European Union and several Latin American governments who condemned his 2024 re-election as a sham and recognised his opponent as Venezuela's duly elected president. The Trump administration in July struck a deal to secure the release of 10 Americans jailed in the capital Caracas in exchange for Venezuela getting home scores of migrants deported by the United States to El Salvador under the Trump administration's immigration crackdown. Shortly after, the White House reversed course and allowed US oil producer Chevron to resume drilling in Venezuela after it was previously blocked by US sanctions. Bondi said the Justice Department has seized more than $US700 million ($A1 billion) in assets linked to Maduro including two private jets, and said seven million tonnes of seized cocaine had been traced directly to the leftist leader. Venezuelan Foreign Minister Yvan Gil released a statement characterising the reward as "pathetic" and accusing Bondi of orchestrating a "crude political propaganda operation".
Perth Now
4 minutes ago
- Perth Now
US doubles reward for arrest of Venezuelan president
The Trump administration is doubling to $US50 million ($A77 million) a reward for the arrest of Venezuela's President Nicolás Maduro, accusing him of being one of the world's largest narco-traffickers and working with cartels to flood the US with fentanyl-laced cocaine. "Under President Trump's leadership, Maduro will not escape justice and he will be held accountable for his despicable crimes," Attorney General Pam Bondi said Thursday in a video announcing the reward. Maduro was indicted in Manhattan federal court in 2020, during the first Trump presidency, along with several close allies on federal charges of narco-terrorism and conspiracy to import cocaine. At the time, the US offered a $US15 million reward for his arrest. That was later raised by the Biden administration to $US25 million - the same amount the US offered for the capture of Osama bin Laden following the attacks of September 11, 2001. Despite the big bounty, Maduro remains entrenched after defying the US, the European Union and several Latin American governments who condemned his 2024 re-election as a sham and recognised his opponent as Venezuela's duly elected president. The Trump administration in July struck a deal to secure the release of 10 Americans jailed in the capital Caracas in exchange for Venezuela getting home scores of migrants deported by the United States to El Salvador under the Trump administration's immigration crackdown. Shortly after, the White House reversed course and allowed US oil producer Chevron to resume drilling in Venezuela after it was previously blocked by US sanctions. Bondi said the Justice Department has seized more than $US700 million ($A1 billion) in assets linked to Maduro including two private jets, and said seven million tonnes of seized cocaine had been traced directly to the leftist leader. Venezuelan Foreign Minister Yvan Gil released a statement characterising the reward as "pathetic" and accusing Bondi of orchestrating a "crude political propaganda operation".
Perth Now
34 minutes ago
- Perth Now
Labor vows to ‘fight' as Trump threatens pharma tariffs
Health Minister Mark Butler says the Albanese government will 'fight for the PBS'. Martin Ollman / NewsWire Health Minister Mark Butler says the Albanese government will 'fight for the PBS'. Martin Ollman / NewsWire Credit: News Corp Australia The Albanese government is vowing to 'fight for the PBS' as Donald Trump tries to strongarm drugmakers into moving production to the US. The Pharmaceutical Benefits Scheme (PBS) is a list of federally subsidised medicines and a prized Labor invention. Health Minister Mark Butler last month introduced legislation that, if passed, would cap PBS-listed medicines at $25 from January 1, 2026. Aside from subsidising medicines, the scheme also compels firms to negotiate prices with the federal government, which helps keep products affordable. Celebrated as a cornerstone of the healthcare system in Canberra, the scheme is denounced by pharmaceutical lobbyists in Washington, who claim Australia is 'freeloading on American innovation'. One group, Pharmaceutical Research and Manufacturers of America (PhRMA), has explicitly urged the Trump administration to 'leverage ongoing trade negotiations' to influence Australia's PBS policies. But Anthony Albanese, Mr Butler and other ministers have ruled out budging on the PBS. 'We'll fight for our PBS and fight for the jobs of Australian manufacturers here,' Mr Butler told the ABC on Friday, noting most production is in Melbourne. Pharmaceutical exports to the US totalled north of $2bn in 2024, making it the biggest foreign market for Australian producers. Exports are mostly blood products and vaccines but also include packaged medicines and miscellaneous medical items, such as bandages. Though, as Mr Butler noted, the US still exported more to Australia and did so without tariffs. 'We have zero tariffs on those imports that we take from America companies,' he said. 'We're making the case that should continue in reverse. 'We should be able to continue to export our terrific blood and plasma products and medicines to Americans without what might be a 250 per cent tariff.' Camera Icon Health Minister Mark Butler says the Albanese government will 'fight for the PBS'. Martin Ollman / NewsWire Credit: News Corp Australia For the moment, Mr Trump's concern with the sector appears to be largely driven by bringing down prices in the US rather than punishing allies for having cheaper medicines. Last week, he wrote to 17 major pharmaceutical companies demanding they lower their prices for American consumers to bring them in line with prices overseas. A Rand Corporation report found that Americans pay nearly four times more than Australians for medicines and about three times more than the average in other developed economies. The answer, according to Mr Trump, is making pharmaceuticals in the US. Mr Trump's 250 per cent tariff threat was a warning shot to firms, but one that, if realised, would hit producers Down Under hard.
