The calm in global trade has been disturbed by a storm of tariffs unveiled by President Donald Trump. On Thursday, he announced broad tariffs, including 100% duties on patented drugs and 25% levies on heavy-duty trucks. These measures come as attempts to safeguard U.S. manufacturing and security, but at the potential cost of global trade stability.
Emerging from a period of relative quiet on the trade front, Trump's announcement via Truth Social is a fresh challenge for businesses struggling with disrupted supply chains and rising costs. New tariffs targeting imported kitchen cabinets, bathroom vanities, and upholstered furniture add pressure on consumer-related sectors.
The new tariffs, enacted under the Section 232 national security trade statute, have revitalized debates over trade de