President Donald Trump announced Thursday that the U.S. will impose a 100% tariff on "any branded or patented Pharmaceutical Product" entering the country from Oct. 1.

The measure will not apply to companies building drug manufacturing plants in the U.S., Trump added.

He said that the exemption covers projects where construction has started, including sites that have broken ground or are under construction.

"There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started," Trump added in a post on Truth Social .

The announcement came as Trump also unveiled a 25% duty on heavy trucks and a 50% levy on "all Kitchen Cabinets, Bathroom Vanities, and associated products," which will also start on Oct. 1.

In August, Trump told CNBC's "Squawk Box" that pl

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