Trump Announces Tariffs on Pharmaceuticals, Trucks, and Furniture, Exempting EU and Japan
TL;DR Summary
President Trump’s new 100% tariffs on pharmaceuticals will not apply to the EU and Japan due to existing trade agreements, with EU duties capped at 15% and Japanese rates as per their pact. The UK, however, faces the full tariff unless they build manufacturing plants in the US, which could exempt their products. The tariffs are part of broader trade policy adjustments, including auto tariff reductions.
- Trump’s 100% Pharmaceutical Tariffs Won’t Apply to the EU and Japan Bloomberg.com
- Trump announces a 25% tariff on trucks and a 30% tariff on furniture CNN
- Trump Expands Tariffs Beyond Supreme Court’s Reach The New York Times
- Trump’s pharma tariffs could raise drug prices for consumers, but exemptions may blunt impact NBC News
- Trump to put import taxes on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucks AP News
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