Clarifying the scope of the measure, former President Trump added that companies that have already begun construction of plants in the US will be exempt from the new tariff.
“There will, therefore, be no Tariff on these Pharmaceutical Products if construction has started. Thank you for your attention to this matter!” the post read.
He also announced sweeping tariffs on various household products, including imported kitchen cabinets and certain kinds of furniture, potentially adding even more costs to a category that has surged in price in recent months. Trump further announced heavy truck tariffs and pharmaceutical tariffs, CNN reported.
In a Truth Social post, Trump wrote, “We will be imposing a 50 per cent Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025. Additionally, we will be charging a 30 per cent Tariff on Upholstered Furniture.”
Various tariffs imposed by Trump have already boosted furniture prices considerably over the past year. Overall, furniture costs last month were 4.7 per cent higher than in August 2024, according to the Bureau of Labor Statistics (BLS). Living room and dining room furniture, in particular, has become more expensive, rising 9.5 per cent over the past 12 months, the BLS reported.
Furniture prices have surged as Trump hiked tariffs on imports from China and Vietnam, the top two sources of imported furniture. Both countries exported USD 12 billion worth of furniture and fixtures to the US last year, according to US Commerce Department data.
Prior to Trump’s tariffs, furniture prices had largely fallen for the past two and a half years. However, Trump stated that foreign manufacturers have oversupplied the US market, and the tariffs were necessary to restore US manufacturing strength, as reported by CNN.
“The reason for this is the large-scale ‘FLOODING’ of these products into the United States by other outside Countries,” Trump said. “It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process.”
Meanwhile, new tariff rates for dozens of countries were introduced in August after delays to allow for trade talks. These include:
– 50 per cent tariffs on Indian goods, including a 25 per cent penalty for trade with Russia
– 50 per cent tariffs on Brazilian goods
– 30 per cent tariffs on South African goods
– 20 per cent tariffs on Vietnamese goods
– 15 per cent tariffs on Japanese goods
– 15 per cent tariffs on South Korean goods
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https://www.mid-day.com/news/world-news/article/donald-trump-announces-100-per-cent-tariff-on-imported-pharmaceuticals-without-us-based-manufacturing-plants-23595880