Trump says US will impose new tariffs on heavy trucks, drugs and kitchen cabinets | Trump tariffs

On Thursday, Donald Trump announced a new punishment tariff, saying that the US will give a 100% tariff to imported branded drugs, 25% tariff to imports of all heavy service trucks and 50% tariff to kitchen cabinets.

The President of the United States also said that he will start to get 30% tariffs in the bathroom badilers and the furniture with furniture next week and that all new tasks should enter into force as of October 1.

Earlier this year, drug companies warned that the Americans would suffer the most if Trump decided to apply a tariff to pharmaceuticals.

According to the Census Bureau, the US imported approximately 233 billion dollars to 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.

Pascal Chan, Vice President of Strategic Policy and Supply Chains in the Canadian Chamber of Commerce, warned that tariffs can harm the health of the Americans with “emergency price hikes, tense insurance systems, hospital scarcals and real risks rationalizing or foreseering real risks.

“We are crushed by the highest prescription drug costs in the world and this will cause them to throw further forward,” he said. “If [Trump] It passes through these tariffs, people from all over the country will die. “

Trump had previously argued that pharmaceutical tariffs would be gradually lifted over time, so that companies had time to build factories and displace production and made their 100% tariff announcement more shock. In August, CNBC said Trump will start by demanding a “small tariff üzerinde on pharmaceutics and increase the rate by one year or more 150% and even 250%.

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

Many major pharmaceutical companies, including Astrazeneca, Roche, Novartis, Eli Lilly and Johnson & Johnson, announced their plans to invest in the production of drugs in the United States or increase production in the United States to prepare for potential tariffs. Trump’s White House launched these changes as a win.

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

Authorized, new heavy -servant truck tariffs producers to protect the “unfair competition ve and the movement of the movement of Paccar’ın PeterBilt and Kenworth and Daimler truck will benefit companies such as Freighttliner, he said.

“We need our truckers to be financially healthy and strong for many reasons, but first of all, for national security purposes!” Trump added.

New tariffs are another dose of uncertainty for the US economy with a solid stock market, but it is a weakening perspective for work and increasing 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 started to see that goods prices have turned into higher inflation,” Federal Reserve President Jerome Powell warned. At a recent news conferenceHe added that higher costs for goods, the increase in inflation levels this year, “most” or potentially “all”, he added.

Trump put pressure on Powell to resign, arguing that the Fed had to cut the criterion interest rates more aggressively.

The US Chamber of Commerce called on the department not to implement new tariffs, and the first five imports of Mexico, Canada, Japan, Germany and Finland were “allies or close partners that do not pose any threat to the national security of the United States”.

Trump launched many national security investigations on potential new tariffs in a wide range of products. He said that new tariffs in kitchen, bathroom and some furniture are due to large import levels that damage local producers.

“This is because of this, the United States of these products is largely ‘flood’ by other foreign countries.

Mexico is the exporter of the largest and heavy service trucks to the USA. A study published in January said that the imports of these larger vehicles from Mexico have doubled since 2019.

Higher tariffs in commercial vehicles can print on transportation costs, especially in consumer goods such as food, as Trump promises to reduce inflation.

Tariffs can also affect the Chrysler-Babeveyn Stellantis, which produces heavy service type RAM trucks and commercial vans in Mexico. Sweden’s Volvo Group is building a $ 700 million heavy truck factory in Monterrey, Mexico due to its starting operations in 2026.

According to the US International Trade Administration, Mexico is home to the manufacturers and assemblies of buses, trucks and tractors and two engine manufacturers.

The country is also the leading global exporter of tractor trucks for 95% of the United States.

Mexico said that all Mexican trucks exported to the US in May have an average US content, including diesel engines.

Last year, Mexico said the US imported approximately 128 billion dollars from Mexico to heavy vehicle parts, which constitute approximately 28% of the US imports.

The Japanese automobile manufacturers association opposed new tariffs, saying that Japanese companies have reduced exports to the United States for increasing the production of US medium and heavy service trucks.

Reuters and Associated Press contributed to reporting