Recapping the news from earlier, ICYMI.
US President Donald Trump said Thursday that the U.S. will impose new tariffs beginning Oct. 1, targeting imports ranging from kitchen cabinets and bathroom vanities to heavy trucks and certain pharmaceuticals.
The new measures, announced in a series of Truth Social posts, set duties between 30% and 100%.
- Trump is slamming trucks with another massive tariff, 25% from October 1
- Trump now slamming kitchens with 50% tariffs! Furniture also 30%
- Trump to hit branded or patented pharma with 100% tariffs
Pharmaceutical imports will be exempted if the producer is actively building a manufacturing facility in the U.S. While Trump had previously signaled pharma duties, the other categories mark an expansion of his tariff agenda aimed at boosting domestic production.
This article was written by Eamonn Sheridan at investinglive.com.
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