Trump announces new tariffs on trucks, drugs and kitchen cabinets
US President Donald Trump announced a new wave of tariffs on Thursday, including a 100% levy on branded drugs that are manufactured outside the US. Washington will also impose a 25% tariffs on imports of all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets, he said on his Truth Social platform. “The reason…
US President Donald Trump announced a new wave of tariffs on Thursday, including a 100% levy on branded drugs that are manufactured outside the US.
Washington will also impose a 25% tariffs on imports of all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets, he said on his Truth Social platform.
“The reason for this is the large scale “FLOODING” of these products into the United States by other outside Countries,” Trump wrote, citing the need to protect American manufacturers from foreign imports.
The announcements come despite calls from US businesses for the White House to not impose further tariffs.
Trump said the tariffs on heavy trucks were to protect US manufacturers from “unfair outside competition” and that the duties would help lift American companies such as Peterbilt and Mack Trucks.
The new levies on kitchen and bathroom cabinets, as well as some other furniture, were in response to high levels of imports, which hurt local manufacturers, he said.
Trump’s sweeping new tariffs on more than 90 countries around the world came into effect in early August, as part of his policies aimed at boosting jobs and manufacturing in the US, among other political goals.
