Trump announces the definitions of “national security” on drugs, trucks and furniture International Trade News

The 100 % tariffs were exposed to drugs, 25 % on trucks, and 30 % on furniture, which is scheduled to enter into force on October 1, reopening the trade war of the US president.

President of the United States Donald Trump A new tariff has declared a high -slope of pharmaceutical products, large trucks, and home regeneration equipment and furniture.

The announcement was late on Thursday to the most severe commercial plans from Trump since last April shock, which was revealed by mutual definitions on almost everything we A commercial partner around the world, on the occasion of reviving the trade president’s trade war.

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Starting October 1, “We will impose a 100 % tariff on any patented or patent product, unless the company builds its pharmaceutical manufacturing factory in America,” Trump wrote on the social truth platform.

The shares of pharmaceutical companies throughout Asia fell with a large exposure to the United States market on Friday, including Samsung Biologics in South Korea.

Australia criticized Trump’s move, which issued a $ 1.3 billion pharmaceutical products to the United States in 2024, according to the United Nations database.

In a separate publication, Trump wrote about a 25 percent tariff on “all heavy (large) trucks made in other parts of the world” to support American manufacturers such as “Peterbilt, Kenworth, Freightliner, Mack Trucks, etc.”.

Foreign companies competing with these manufacturers in the American market include Volvo in Sweden and Daimler from Germany. The stocks in both companies were less severe in trading after working hours in Europe.

Trump said that the truck tariff was “for many reasons, but above all, for national security purposes!”

Earlier this year, the Trump administration launched the so -called jaws 232 at truck imports “to determine the effects of national security”, which represents the stage of Thursday’s announcement.

Article 232 is a commercial law ruling that gives the broad president to impose a customs tariff or other restrictions on imports when they consider a threat to national security.

Trump also said that the customs tariffs are 50 percent on home regeneration materials and a 30 percent tariff authority on upholstered furniture would be imposed, as he claimed that such products were flooding the American market from abroad.

According to the American International Trade Committee, in 2022, imports, especially from Asia, represent 60 percent of all sold furniture, including 86 percent of all wooden furniture and 42 percent of all upholstered furniture.

The shares of retailers in home furniture Williams Sonoma, which depend on these imported goods, have declined in trading after working hours.

The Trump administration has already imposed The baseline is 10 percent tariffs In all countries, with the high rates of individual rates on countries where exports to the United States exceed imports.

Trump also used emergency powers to impose additional fees on Commercial deal partners Canada and Mexico, as well as in China, are martyred for concerns about trafficking in fentanel and undocumented immigration.

It was not yet clear how these new definitions will turn into the current measures.