US EditionTrump says US will impose new tariffs on heavy trucks, drugs and kitchen cabinets
- President Donald Trump announced new import taxes on various products, including 100% on pharmaceutical drugs and 25% on heavy trucks, to start on Oct. 1.
- Trump stated that tariffs on pharmaceutical drugs would not apply to companies building manufacturing plants in the U.S.
- He claimed foreign manufacturers are flooding the market, affecting national security and domestic producers.
- Experts warn that these additional tariffs could intensify inflation and slow economic growth amid existing uncertainties from previous import tax measures.
80 Articles
80 Articles
kreiszeitung.de
US President Trump announces a new customs duty on drugs - and at the same time offers a way out.
A 100% tariff on some imported drugs is coming October 1, Trump says
President Donald Trump announced Thursday that brand-name or patented pharmaceutical products will be subject to a 100% tariff starting October 1 – unless the drugmaker is building a manufacturing plant in the US.
U.S. President Donald Trump resurrected his tariff passion this Thursday night to announce new barriers to imports. This time not to this or that country, but to certain products, such as drugs not produced in the U.S. (100%), kitchen furniture and bath towels (50%) and heavy trucks “big! manufactured in other parts of the world” (25%). All these charges will come into effect, if nothing changes the way, on October 1.
Trump Announces 100% Tariff On Pharmaceutical Drugs, India May Be Hit
US President Donald Trump has announced tariffs of up to 100 per cent on imports of branded and patented pharmaceutical products from October 1. India's pharmaceuticals sector, one of the most dependent domestic industries on trade with America.
'Tariff man' Trump roasted over new trade moves: ‘Each dumber than the last
Internet critics groaned Thursday night as President Donald Trump announced a new slate of tariffs, set to take effect next week. Trump announced on his Truth Social app that the new tariffs target several categories. He slapped a 100% tariff on imported branded or patented pharmaceuticals unless their makers are building manufacturing plants in the United States, as well as a 50% tariff on kitchen cabinets and bathroom vanities and a 30% tariff…
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