President Donald Trump announced his newest round of tariffs set to take effect on Oct. 1 in a series of Truth Social posts Thursday evening.

The tariffs will target pharmaceuticals, home goods and heavy trucks, and Trump said he believes the move will strengthen U.S. manufacturing and protect national security.

In one post, he declared that branded and patented pharmaceutical products will face a 100% tariff unless the company is actively building a plant in the United States. He went on to define that as breaking ground or under construction.

His reasoning is that the measure will force drugmakers to shift production to American soil.

Trump also announced plans to stop the "flooding" of imports that threaten American manufacturers by imposing a 50% tariff on kitchen cabinets, bathr

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