President Donald Trump has announced a fresh round of tariffs on products ranging from pharmaceutical goods to upholstery, beginning on October 1st. The new levies include 100% duties on branded drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy-duty trucks. “The reason for this is the large-scale “FLOODING” of these products into the United States by other outside Countries,” Mr Trump wrote on his Truth Social site. “It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process.” The new actions are also being seen as part of the Trump administration’s shift to better-established legal authorities for its tariff actions, given the risks associated with a case before the Supreme Court in November on the legality of his sweeping global tariffs.
President Trump announces 100% tariff on branded pharmaceutical products
130 responses to “President Trump announces 100% tariff on branded pharmaceutical products”
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