U.S. President Donald Trump says the new heavy-duty truck tariffs are to protect manufacturers from 'unfair outside competition.'

U.S. President Donald Trump on Thursday took aim at a broad range of imported goods in announcing a new round of punishing tariffs , saying the U.S. will impose 100 per cent duties on imported branded drugs, 25 per cent tariffs on heavy-duty trucks and 50 per cent tariffs on kitchen cabinets.

Trump has launched numerous national security probes into potential new tariffs on a wide variety of products during his second term, casting a shadow over the global economic outlook and paralyzing business decision-making.

Trump also said he would start charging a 50 per cent tariff on bathroom vanities and a 30 per cent tariff on upholstered furniture next week, w

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