US President Donald Trump on Friday announced a whopping 100 per cent tariffs on pharma products and 50 per cent tariffs on kitchen cabinets and bathroom vanities. Apart from this, the American leader also imposed a 30 per cent duty on upholstered furniture and a 25 per cent duty on heavy trucks.
The measures are seen by many as Trump’s latest crackdown on international trade, which is expected to take effect on October 1. The announcement from the American president came in a series of posts on his social media platform TruthSocial, indicating that he remains committed to tariffs beyond the trade frameworks and import taxes introduced in August.
“Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America. ‘IS BUILDING’ will be defined as ‘breaking ground’ and/or ‘under construction, ‘” Trump said in a post on TruthSocial.
While announcing the tariffs on trucks, Trump said: “In order to protect our Great Heavy Truck Manufacturers from unfair outside competition, I will be imposing, as of October 1st, 2025, a 25% Tariff on all “Heavy (Big!) Trucks” made in other parts of the World. Therefore, our Great Large Truck Company Manufacturers, such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others, will be protected from the onslaught of outside interruptions. We need our Truckers to be financially healthy and strong, for many reasons, but above all else, for National Security purposes!”
“We will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025. Additionally, we will be charging a 30% Tariff on Upholstered Furniture. The reason for this is the large-scale ‘FLOODING’ of these products into the United States by other outside Countries. It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process. Thank you for your attention to this matter!” he furthered.
Impact Shorts
More ShortsTrump went on to claim that the tariffs will encourage domestic investment, dismissing concerns that higher import taxes raise costs for consumers and businesses. He claimed inflation was under control, despite the consumer price index rising 2.9% over the past year.
However, there is little evidence that tariffs were creating jobs or new manufacturing facilities, with manufacturers cutting 42,000 jobs and builders reducing 8,000 since April.
With inputs from agencies.