U.S.: National Security Tariffs on Some Pharmaceuticals, Certain Home Furniture and Trucks

U.S. President Donald Trump announced on Truth Social on Sept. 25 that effective Oct. 1, the United States would impose a 50% tariff on kitchen cabinets and bathroom vanities, a 30% tariff on upholstered furniture, a 25% tariff on heavy-duty trucks, and a 100% tariff on branded or patented pharmaceutical products, unless the company is building a pharmaceutical manufacturing plant in the United States. ...