Trump will impose steep tariffs on drugs, furniture, trucks and cabinets from October 1, citing national security. Economists warn the move could drive inflation higher and strain healthcare costs, while exemptions may apply to firms expanding U.S. manufacturing.

Washington: President Donald Trump has said that he will put import taxes of 100 per cent on pharmaceutical drugs, 50 per cent on kitchen cabinets and bathroom vanities, 30 per cent on upholstered furniture and 25 per cent on heavy trucks starting on October 1.

The posts on his social media site on Thursday showed that Trump’s devotion to tariffs did not end with the trade frameworks and import taxes that were launched in August, a reflection of the president’s confidence that taxes will help to reduce the government’s budget de

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