U.S. President Donald Trump has announced tariffs of 100 percent on pharmaceuticals along with new levies on trucks and furniture.
Trump’s latest announcement, issued on Sept. 25, said the proposed levies would include 50 percent tariffs on kitchen cabinets, bathroom vanities, and associated products, 30 percent tariffs on upholstered furniture, and 25 percent tariffs on heavy trucks, as well as 100 percent tariffs on branded and patented pharmaceuticals. The formal executive order has not been filed yet, so details of the tariffs are unknown.
