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Trump imposes new tariffs on imports, including 100% on branded drugs and 30% on furniture, citing national security.
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.
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.
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.
The move coincides with a pending Supreme Court case on the legality of Trump’s broad tariffs, with arguments set for November 5.
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.
Trump impone nuevos aranceles a las importaciones, incluido el 100% de las drogas de marca y el 30% de los muebles, citando la seguridad nacional.