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.
154 Articles
154 Articles
The import duty is to apply from 1 October. According to the American president, there is an exception for pharmaceutical companies that are building new production facilities in the USA.
Medicines, trucks and furniture: Donald Trump has imposed new duties to apply from 1 October. For the German pharmaceutical industry, this decision is a big blow.
Millions wiped from Aussie healthcare giants after Trump tariff
Millions of dollars have been wiped from the value of some of Australia's largest healthcare companies immediately after US President Donald Trump announced he would introduce a 100 per cent tariff on all imported medicines, starting October 1.Vaccine giant CSL registered a sharp 7 per cent drop, as did radiology company Pro Medicus, in just the first 15 minutes of trade.Prices in both shares rallied soon after, but still dragged the ASX200 down…
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