US President Donald Trump has unleashed a fresh round of punishing tariffs on a broad range of imported goods, including 100 per cent duties on pharmaceuticals, which will take effect on October 1.

WILL THE TARIFFS APPLY TO COUNTRIES WITH TRADE DEALS?

The Trump administration's trade deals with Japan, the EU, and the United Kingdom include provisions that cap tariffs for specific products such as autos, semiconductors and pharmaceuticals, which means the new higher national security tariffs likely won't raise them above agreed rates

The European Union agreed to pay the US a tariff rate of 15 per cent, including on autos and auto parts, pharmaceuticals, and semiconductors

Under the trade deal agreed with Japan, "treatment of specific or compound duty rates shall be identical to the trea

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