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Trump to impose steep tariffs on imports starting Oct. 1, 2025, including 100% on drugs, risking higher prices and inflation.
President Donald Trump announced new import tariffs set to take effect October 1, 2025, including 100% on pharmaceutical drugs, 50% on kitchen cabinets, 30% on upholstered furniture, and 25% on heavy trucks.
The tariffs, promoted on Truth Social, aim to boost domestic manufacturing and reduce the budget deficit, with exemptions for companies building new U.S. facilities.
The move could significantly raise prices for medicines, housing, and vehicles, potentially worsening inflation and straining Medicare, Medicaid, and consumers.
Critics warn the measures may slow economic growth and increase uncertainty, especially amid rising inflation and job losses in manufacturing and construction.
Despite claims of success, data shows no clear evidence of job growth or increased domestic investment.
Trump impondrá fuertes aranceles a las importaciones a partir del 1 de octubre de 2025, incluido el 100% de los medicamentos, arriesgando precios más altos e inflación.