US EditionPublished • loading... • Updated
Trump says US will impose new tariffs on heavy trucks, drugs and kitchen cabinets
- President Donald Trump announced new tariffs starting October 1, 2025, including a 100% tariff on pharmaceuticals and 50% on kitchen cabinets and bathroom vanities, aiming to bolster domestic manufacturing.
- Trump stated that the pharmaceutical tariffs would not affect companies building manufacturing plants in the U.S., clarifying the definition of 'building' as 'breaking ground' or 'under construction.'
- The new tariffs could lead to increased prices for consumers, potentially doubling some medicine costs and further raising expenses for homebuilders already facing high market pressures.
- Analysts warn that the tariffs could lead to higher consumer prices and impact America's healthcare system, as indicated by Pascal Chan of the Canadian Chamber of Commerce.
Insights by Ground AI
336 Articles
336 Articles
It is a message with no twists of words, faithful to the direct style that has always distinguished Donald Trump: "From October 1st 2...
From 1 October onwards, drug imports into the USA are expected to be subject to mega tariffs of 100 percent. This is also true for the German pharmaceutical industry!
·Berlin, Germany
Read Full Article
Trump’s Tariff Threat Spotlights Drugmakers’ US Factory Progress
President Donald Trump’s plan to impose a 100% tariff on branded and patented drugs could sharply raise costs for pharmaceutical companies without US manufacturing capacity, raising pressure on firms that have yet to break ground.
·United States
Read Full Article
US President Donald Trump today announced new tariffs of up to 100% for drugs and also for trucks and furniture produced outside the United States.
Coverage Details
Total News Sources336
Leaning Left52Leaning Right43Center110Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 25%
C 54%
R 21%
Factuality
To view factuality data please Upgrade to Premium
