WASHINGTON, Sept 26 — The United States will impose a 100 per cent tariff on imports of branded or patented pharmaceutical products from October 1, unless a pharmaceutical company is building a manufacturing plant in the US President Donald Trump said yesterday.
"There will, therefore, be no Tariff on these pharmaceutical products if construction has started," Trump said on Truth Social.
He also announced 25 per cent tariffs on heavy-duty trucks and 50 per cent tariffs on kitchen cabinets.
Trump has launched numerous national security probes into potential new tariffs on a wide variety of products during his second term, casting a shadow over the global economic outlook and paralysing business decision-making.
Trump also said he would start charging a 50 per cent tariff on bathroom vanities and a 30 per cent tariff on upholstered furniture next week, with all the new duties to take effect from October 1.
