Trump slaps 100% tariffs on branded drugs; Pharma, trucks & furniture industry hit in new trade salvo
US President Donald Trump has announced a sweeping new round of tariffs targeting branded and patented pharmaceuticals, heavy-duty trucks, and furniture. Starting October 1, branded drugs will face a 100% tariff unless companies begin building plants in America. Trump also imposed 25% duties on heavy-duty trucks, 50% on kitchen cabinets, and 30% on upholstered furniture.
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