Trump claims to impose a 100% tariff on brands and patented drugs, U.S. stock futures fluctuate slightly
Trump stated that starting from October 1, 2025, a 100% tariff will be imposed on any brand or patented pharmaceutical products, unless the company is establishing their pharmaceutical factory in the United States. Additionally, a 25% tariff will be imposed on imported heavy trucks, a 50% tariff on kitchen cabinets and bathroom cabinets, and a 30% tariff on upholstered furniture
U.S. President Trump has once again raised the tariff stick, announcing high tariffs on a range of imported goods, with punitive tax rates on pharmaceutical products reaching as high as 100%.
According to CCTV News, on September 25 local time, President Trump announced on his social media platform "Truth Social" that starting October 1, the U.S. will implement a new round of high tariffs on various imported products. The measures include a 50% tariff on kitchen cabinets, bathroom sinks, and related building materials, a 30% tariff on imported furniture, and an additional 100% tariff on patented and branded drugs.
In addition, Trump also announced that starting October 1, a 25% tariff will be imposed on all imported heavy trucks.
This series of intensive tariff announcements has attracted market attention, with slight fluctuations in U.S. stock futures and a slight rise in the U.S. dollar index.
Trump stated on social media that the drug tariffs do not apply to companies that build factories in the U.S., defining these factories as "under construction" or "breaking ground."
Trump also claimed that foreign furniture and cabinet manufacturers' products are flooding into the U.S., necessitating tariffs "for national security and other reasons," and that foreign-manufactured heavy trucks and their parts are harming the interests of U.S. domestic producers.
Despite the target implementation date being just a week away, neither the White House nor the U.S. Department of Commerce, which is responsible for related trade investigations, has disclosed the details or specific implementation methods of these measures.
This series of measures indicates that Trump's obsession with tariffs has not ended with the trade framework and import taxes introduced in August.
Against the backdrop of already high inflation in the U.S., the new tariff measures will undoubtedly exacerbate price increase pressures and may hinder economic growth, exposing businesses that have already been adapting to the previous tariff environment to a new round of uncertainty
