Trump Announces 100% Tariff on Imported Medicines

U.S. President Donald Trump has once again made headlines with a series of new tariff announcements, unsettling global markets. This time, he has imposed new tariffs on medicines, trucks, and furniture.

In a statement issued on Thursday, Trump declared that all imported branded or patented medicines will now be subject to a 100% tariff. However, companies that have already started building manufacturing facilities in the United States will be exempt from the new tax.

In addition to pharmaceuticals, several other imported goods will face significant tariff hikes:

25% tariff on heavy trucks , 50% tariff on kitchen cabinets , 50% tariff on bathroom vanities, 30% tariff on selected furniture items
These new tariffs are set to take effect from October 1.

According to the administration, the reason for these tariffs is the massive influx of such products into the U.S. market, which is reportedly harming local manufacturers. Trump wrote on his social media platform Truth Social:

“These products are entering the United States in huge volumes from other countries.”

Meanwhile, in another controversial move, President Trump has urged NATO member countries to impose 50 to 100 percent tariffs on China for buying oil from Russia. The call has sparked strong dissatisfaction in Beijing.
Chinese Foreign Minister Wang Yi responded by saying:

“China and Europe should not be rivals, but friends. Instead of facing off, we should cooperate with each other.”

In addition, a trade war is already ongoing between the United States and India, with diplomatic tensions rising. Amid this strain, the Trump administration appears to be strengthening its ties with Pakistan, signaling a shift in South Asian relations.

Altogether, business leaders are facing mounting uncertainty. Trump’s rapid and unpredictable trade policies have created serious challenges in the import-export sector. With no clear forecast ahead, investors are becoming increasingly hesitant to make large financial decisions.