Trump announces new tariffs on trucks, drugs and kitchen cabinets
On Thursday, President Donald Trump announced a new wave of tariffs, including 100% tax on imported drugs. Unless a company builds a production facility in the USA.
Washington will also apply 25% tariffs and 50% tax on the importation of all heavy service trucks, and 50% tax on kitchen and bathroom cabinets. The truth is on the social platform.
“The reason for this is that these products are largely” flood “by other foreign countries.”
The announcements come despite the calls to prevent US businesses from bringing more tariffs to the White House.
Trump said that tariffs in heavy trucks were to protect US manufacturers from “unfair competition” and tasks will help to remove American companies such as PeterBilt and Mack Trucks.
These companies “will be protected from the attack of external outages,” he wrote.
The president said that in addition to new taxes in kitchen and bathroom cabinets, some other furniture responds to high import levels that damage local producers.
Authorized, the US will start to get 30% tariffs in upholstered furniture from next week, he added.
New tasks come as part of the expansion of Trump’s tariff policies, aiming at both global trade partners and certain industries.
Trump’s new tariffs for more than 90 countries entered into force in early August as part of policies aimed at increasing business and production in the United States as well as other political goals.
Earlier this year, US Chamber of Commerce He called on the White House to bring new tariffs, arguing that many parts used in truck production were provided “overwhelming” from countries such as Mexico, Canada, Germany, Finland and Japan.
The organization added that these countries are “allies or close partners of the US, who do not pose any threat to US national security.”
Mexico and Canada are among the largest parts suppliers for medium and heavy service trucks that make up more than half of the total US imports in the sector last year.
This warned that most of these parts are “practical” to wait for the domestic supply, which led to higher costs for the industry.
