President Trump revealed on Thursday a new round of tariffs set to begin on October 1, which include penalties on pharmaceutical products manufactured by companies without production facilities in the United States.
These tariffs come in addition to the broad reciprocal duties his administration has already enacted against multiple countries. Analysts warn that the inclusion of pharmaceuticals could create disruptions in supply chains and make some medications harder to obtain and more costly.
“Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America,” Trump wrote on Truth Social.
He explained that any company that has already started construction or is in the process of building a facility in the U.S. will not be subject to the tariffs.
Back in July, Trump previewed his intention to target pharmaceutical imports, originally suggesting a phased approach with smaller tariffs that would gradually increase. At one point, he even warned that duties could go as high as 250 percent on certain products.
In a separate announcement, Trump said that beginning October 1, his administration will also place a 50 percent tariff on imports of kitchen cabinets, bathroom vanities, and related items, along with a 30 percent tariff on upholstered furniture.
“The reason for this is the large scale ‘FLOODING’ of these products into the United States by other outside Countries,” Trump posted. “It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process.”
Additionally, Trump said there will be a 25 percent tariff on “Heavy (Big!) Trucks” produced abroad starting October 1.
“We need our Truckers to be financially healthy and strong, for many reasons, but above all else, for National Security purposes!” Trump stated.
The president has previously enacted tariffs on industries including steel, aluminum, copper, and automobiles.
At the same time, the Supreme Court is scheduled next month to hear arguments on whether Trump has the authority to rely on emergency powers to justify his wide-ranging tariff program.
{Matzav.com}
