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Trump announces new tariffs on pharma, big trucks, furniture and kitchen supplies
CNBC Televisionยท2025-09-26 15:41

President Trump announced this new slate of tariffs late yesterday, focused on pharmaceuticals and trucks. He said the US is going to impose a 100% tariff on quote any branded or patented pharmaceutical product that's entering the country. That's beginning October 1st. But that will not apply to companies that are building drug manufacturing plants in the US. And it also won't apply to projects where construction has already begun. Separately, the president said he's going to impose a 25% tariff on imported ...