Trump Plans Import Tariffs on Drugs, Furniture, Trucks

The tasks on the social media site on Thursday showed that Trump’s commitment to tariffs did not end with trade frames and import taxes initiated in August, which is a reflection of the President’s confidence in the government’s budget deficit while increasing the internal production of taxes.

Although Trump does not give a legal justification for tariffs, it is seen that the limits of his role as a commander in fact expanded that taxes on imported kitchen cabinets and sofas are required for “national security and other reasons”.

In accordance with the 1962 Trade Expansion Act, the administration launched a chapter 232 investigation on the impact on national security from pharmaceutical drugs and truck imports in April. The commercial department launched 232 investigations about timber and timber in March, but it is unclear whether the tariffs of furniture are caused by this.

Tariffs are another dose of uncertainty for the US economy with a solid stock market, but weakening for work and high inflation. These new taxes on imports can switch to consumers in the form of higher prices, which is already a process in which economic data continues, and may reduce recruitment.

“We have begun to see that goods prices have turned into higher inflation,” Federal Reserve President Jerome Powell said.

The President put pressure on Powell to resign, arguing that the Fed had to reduce criterion interest rates more aggressively. Fed officials remained cautious about the ratio interruptions due to the uncertainty created by tariffs.

Trump said that in Social, drug tariffs will not be valid for companies that build production facilities that they define as “groundbreaking” or “under construction” in the USA. It was not clear how the tariffs would be applied for companies with factories in the USA.

According to the Census Bureau, the US imported approximately $ 233 billion in pharmaceutical and medical products in 2024. For some drugs, the possibility of double -fold, shock waves to voters as health expenses, and the costs of Medicare and Medicaid may increase potentially.

The pharmaceutical drug announcement was shocked because Trump had previously claimed that tariffs would be gradually lifted over time, so that companies had time to build factories and re -place production. In August, Trump at CNBC said it would begin by demanding a “small tariff” on drugs and increase the rate by one year or more by 150 percent and even 250 percent.

According to the White House, the threat of tariffs earlier this year contributed to many major pharmaceutical companies, including Johnson & Johnson, Astrazeneca, Roche, Bristol Myers Squibb and Eli Lilly.

Pascal Chan, Vice President of Strategic Policy and Supply Chains in the Canadian Chamber of Commerce, warned that tariffs can be damaged by “Emergency Price Increases, Tense Insurance Systems, Hospital Families and Real Risk of real drugs” to the health of Americans.

New tariffs on the cupboard can increase the costs of home builders at a time when many people who want to buy a house are priced with a mixture of residential famine and high mortgage rates. On Thursday, the National Real Estate Association, compared to a year ago in August in August 11.7 percent in August as the price pressure symptoms, but the average price of an existing house was $ 422,600, he said.

Trump said that heavy trucks and parts of foreign trucks and parts damage the domestic producers who need to be defended.

“Peterbilt, Kenworth, Freighttliner, Mack Trucks et al. Manufacturers such as Peterbilt, Kenworth, Mack Trucks and others will be protected from the attack of external outages.”

Trump has long been the key to forcing companies to invest more in domestic factories. He rejected the fear that importers would convey most of the costs of taxes to higher prices to consumers and enterprises.

The broader tariffs on the basis of the country were based on proclaiming an economic emergency based on the 1977 law, he said that the two federal courts exceeded the authority of Trump as the president of Trump. The Supreme Court will hear the case in November.

On the contrary, the president continues to claim that inflation is no longer a difficulty for the US economy despite the evidence. In April, when Trump initiated a comprehensive import tax for the first time, the consumer price index increased by 2.9 percent in the last 12 months from an annual speed of 2.3 percent.

There is no evidence that tariffs create the construction of factory works or more production facilities. Since April, the Office of the Working Statistics said that manufacturers have reduced 42,000 jobs and builders have decreased by 8,000.

“No inflation, Tr Trump said to journalists on Thursday. “We have an incredible success.”

Nevertheless, Trump also admitted that tariffs against China would damage American farmers who lost their sales of soybeans. On Thursday, the President promised to direct tariff revenues to farmers who were injured without conflict, as in the first period of 2018 and 2019, when their tariffs have led to retaliation against the agricultural sector. (AP)