Trump announces new tariffs on drugs, trucks and kitchen cabinets
S E E D E D C O N T E N T
President Donald Trump announced a new wave of tariffs on Thursday, including a 100% levy on imported branded drugs, unless a firm is building a manufacturing plant in the US.
Washington will also impose a 25% tariff on imports of all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets, he said as he announced a slew of industry-focused duties on his Truth Social platform.
"The reason for this is the large scale "FLOODING" of these products into the United States by other outside Countries," Trump wrote, citing the need to protect American manufacturers from foreign imports.
The announcements come despite calls from US businesses for the White House to not impose further tariffs.
President Donald Trump announced a new wave of tariffs on Thursday, including a 100% levy on imported branded drugs, unless a firm is building a manufacturing plant in the US.
Washington will also impose a 25% tariff on imports of all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets, he said as he announced a slew of industry-focused duties on his Truth Social platform.
"The reason for this is the large scale "FLOODING" of these products into the United States by other outside Countries," Trump wrote, citing the need to protect American manufacturers from foreign imports.
The announcements come despite calls from US businesses for the White House to not impose further tariffs.
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Meh ... the world can respond by putting tariffs on World Liberty Financial if at all possible and make his head spin.
As long as he keeps doing this, the cost of living will HAVE to increase for Americans, but then if you're a millionaire, why worry?
At this point we have to assume everything he does will damage America until proven otherwise.