In a significant move, US President Donald Trump on Friday announced a new set of punitive tariffs, stating the US will impose 100% duties on imported drugs. Intensifying his tariff attack, he said that 25% duties will be applied to heavy-duty trucks, while 50% will be applied to kitchen cabinets, commencing October 1.
“Starting October 1, 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,” the US President said in a post on Truth Social.
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In another post, he apprised about imposing tariffs on “all Heavy (Big) Trucks” made in other parts of the world. He cited the reason that tariffs are being put on the trucks from other countries to support US manufact