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Trump Administration implements a host of new tariffs
Youtube· 2025-09-26 17:14
President Trump was up late last night posting about new tariffs. The latest targets, drugs, trucks, and kitchen cabinets. Trump said brand name or patented pharmaceutical products will be subject to 100% tariff starting October 1st unless the drug maker is building a manufacturing plant here in the US.Meanwhile, he announced a 50% tariff on kitchen cabinets, bathroom vanities, and related products, plus a 30% tariff on upholstered furniture, also starting next week. Now, on top of that, Trump is imposing a ...
Trump announces new tariffs on pharma, big trucks, furniture and kitchen supplies
CNBC Television· 2025-09-26 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 ...
Trump announces a flurry of tariffs on pharmaceuticals, trucks, and furniture
Business Insider· 2025-09-26 01:34
President Donald Trump's tariff campaign is far from over. On Thursday evening, Trump announced on Truth Social that a fresh flurry of tariffs would start on October 1.According to Trump's post, the US will impose 100% duties on imported branded or patented pharmaceuticals, 25% tariffs on heavy-duty trucks, and 50% tariffs on kitchen cabinets. "The reason for this is the large-scale 'flooding' of these products into the United States by other outside Countries," Trump wrote. "It is a very unfair practice, ...
Trump slaps 25% tariffs on heavy trucks imports, starting Oct. 1
CNBC· 2025-09-26 00:27
In an aerial view, trucks line up to enter a shipping berth at the Port of Oakland on Aug. 26, 2025 in Oakland, California.U.S. President Donald Trump said Thursday night stateside that he would impose a 25% tariff on imported heavy trucks from Oct. 1, part of his broader push to boost domestic manufacturing."All 'Heavy (big!) Trucks' made in other parts of the world" will face the higher tariffs, Trump said in a post on Truth Social, attributing the move to protecting U.S. manufacturers from "unfair outsid ...