U.S. President Donald Trump announced sweeping new tariffs targeting pharmaceuticals, furniture, and heavy trucks set to take effect October 1, 2025 – a move he claims will boost American manufacturing. The plan includes a 100% tariff on patented drugs unless companies are actively building U.S. production facilities, with smaller tariffs hitting home goods and commercial vehicles.
💊 Pharma Shakeup: Drugmakers face a "build here or pay up" ultimatum. Trump clarified that "IS BUILDING" means breaking ground or being under construction by the deadline. This follows his August warning of tariffs eventually reaching 250% on imported medications.
🪑 Home Goods Hit: A 50% tariff on kitchen/bathroom products and 30% on upholstered furniture aims to counter what Trump calls "FLOODING" by foreign manufacturers. Data shows U.S. furniture prices already rose 4.7% year-over-year through August 2025.
🚚 Trucking Tariffs: A 25% duty on foreign-made heavy trucks seeks to protect American truckers and national security. The move comes as automakers previously shifted supply chains under USMCA trade rules.
With drug companies scrambling to expand U.S. facilities and small manufacturers uncertain about costs, all eyes turn to the Supreme Court’s October review of Trump’s tariff authority. Will this spark a new global trade war? Stay tuned. 🌍⚖️
