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Trump Tariffs make Medicine, Trucks and Furniture More Expensive
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Subscribe29 SEP 2025 / ECONOMY
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President Donald Trump plans to enforce 100% tariffs on patented pharmaceuticals and significant duties on trucks, furniture, and cabinets in an attempt to protect U.S. jobs and national security, effective from October 1, 2025. Critics argue that the move could increase consumer costs, incite global retaliation, and further uncertainty in already stressed industries. This tariff could particularly affect certain global pharmaceutical companies, truck producers in Mexico and Canada, and furniture exporters throughout Asia.
When Donald Trump says “America First,” everyone else had better strap on a helmet. His latest move is a trade blitz that imposes 100% tariffs on branded and patented pharmaceuticals, as well as hefty duties on trucks, furniture, and cabinets, all ef...
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