U.S. Announces Tariffs on Drugs, Trucks, Furniture, and Cabinets
TL;DR Summary
President Trump announced a 100% tariff on branded and patented pharmaceutical products imported into the US starting October 1, with exemptions for companies building manufacturing plants in the US that have already begun construction. The move is part of broader trade measures including tariffs on trucks and home goods, and follows investigations into imports of machinery and medical devices, aiming to bolster domestic manufacturing and national security.
- U.S. to impose 100% tariff on branded, patented drugs unless firms build plants locally, Trump says CNBC
- Trump announces a 25% tariff on trucks and a 30% tariff on furniture CNN
- Trump threatens 100% tariffs on drugmakers who aren't building U.S. plants Axios
- Trump to put import taxes on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucks AP News
- US to Impose 25% Tariff on Heavy Truck Imports From Oct. 1 Bloomberg.com
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