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flag Trump to impose steep tariffs on imports starting Oct. 1, 2025, including 100% on drugs, risking higher prices and inflation.

flag 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. flag 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. flag The move could significantly raise prices for medicines, housing, and vehicles, potentially worsening inflation and straining Medicare, Medicaid, and consumers. flag Critics warn the measures may slow economic growth and increase uncertainty, especially amid rising inflation and job losses in manufacturing and construction. flag Despite claims of success, data shows no clear evidence of job growth or increased domestic investment.

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