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flag Trump imposes new tariffs on imports, including 100% on branded drugs and 30% on furniture, citing national security.

flag President Donald Trump announced new tariffs effective October 1, including 100% on branded drugs, 25% on heavy-duty trucks, 50% on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture, citing national security. flag These measures, part of a broader protectionist strategy, may be limited for countries with existing trade deals like the EU, Japan, and the UK due to existing tariff caps. flag The U.S. and China extended a tariff truce through November 10, maintaining 30% and 10% duties respectively, but it’s unclear if the new tariffs apply on top. flag The move coincides with a pending Supreme Court case on the legality of Trump’s broad tariffs, with arguments set for November 5. flag The U.S. imported about $25.5 billion in furniture in 2024, mostly from Vietnam and China, raising concerns over supply chain disruptions and higher consumer prices.

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