Source: The Hill
“President Trump on Thursday announced a slew of product-specific tariffs [on American consumers] set to take effect on Oct. 1, including duties on [American buyers of] any pharmaceuticals whose manufacturers don’t have plants in the U.S. The tariffs, which are on top of sweeping reciprocal duties Trump has imposed on [American buyers of goods from] countries worldwide, are likely to spur criticism, particularly when it comes to pharmaceutical imports. Experts have raised concerns that those tariffs could cause supply chain issues and make certain drugs more difficult and expensive to acquire. … Trump separately announced the administration would impose a 50 percent tariff on [American buyers of] all kitchen cabinets, bathroom vanities and associated products starting on Oct. 1, as well as a 30 percent tariff on upholstered furniture. … The president also said there would be a 25 percent tariff beginning Oct. 1 on [American buyers of] ‘Heavy (Big!) Trucks’ made outside the United States.” (09/25/25)
https://thehill.com/business/5522854-trump-pharmaceutical-tariffs-october/