Trump announces 100% tariffs on some pharmaceuticals

Government Policy & Trade - US government is considering new tariffs, including a potential 100% tariff on pharmaceutical products if companies don't build manufacturing plants in the US [1] - A 25% tariff on heavy trucks, 50% on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture are also part of the effort to boost domestic manufacturing [2] Industry Impact & Concerns - Pharmaceutical companies are reportedly moving back to America [2] - The tariffs may lead to higher prices amid rising inflation [3] - Pharmaceutical Research and Manufacturers of America suggests billions in US investment are at risk, as every dollar spent on tariffs is a dollar that cannot be invested in American manufacturing or future treatments and cures [3]