Trump announces 100% tariffs on pharmaceuticals unless drug makers are building U.S. factories [View all]
Source: MarketWatch
Published: Sept. 25, 2025 at 7:54 p.m. ET
President Donald Trump announced a raft of new tariffs late Thursday, including a 100% levy on imported pharmaceuticals unless their manufacturers are actively building factories in the U.S.
In a series of social-media posts, Trump also announced new 50% tariffs on kitchen cabinets and bathroom vanities, 30% tariffs on upholstered furniture and 25% levies on heavy trucks, all effective Oct. 1.
Trump said those tariffs are to protect American businesses from overseas manufacturers “flooding” the market. “It is a vary unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process,” Trump said in a post.
The tariffs on branded or patented pharmaceuticals will also take effect Oct. 1, Trump said.
Read more: https://www.marketwatch.com/story/trump-announces-100-tariffs-on-pharmaceuticals-unless-drug-makers-are-building-u-s-factories-a233958a
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