Trump determines a 100 % tariff on medications, 25 % on heavy trucks on October 1 – National

US President Donald Trump said on Thursday that he would put import Definitions From 100 % on pharmaceutical medications, 50 % on kitchen cabinets and bathroom arrogance, 30 % on upholstered furniture and 25 % on heavy Trucks Starting October 1.

Participations on his social media website showed that Trump’s devotion to definitions did not end with trade frameworks and import taxes launched in August, a reflection of the president’s confidence that taxes will help reduce the government’s budget deficit while increasing local manufacturing.

While Trump has not provided a legal justification for definitions, he appears to provide the limits of his role as a great leader by saying the social truth that taxes on imported kitchen treasures and sofas were necessary for “national security and other reasons.”

Under the 1962 Trade Expansion Law, the administration launched an investigation in Section 232 in April on the effects of national security from pharmaceutical drug imports and trucks. The Ministry of Commerce launched 232 wood and wood investigation in March, although it is unclear whether the furniture tariff stems from that.

The definitions are another dose of uncertainty for the American economy through a solid securities market, but the weak expectations of functions and high inflation. These new taxes can pass on imports to consumers in the form of higher prices and a decline in employment, a process that economic data is already ongoing.

Jerome Powell, the head of the Federal Reserve at a recent press conference, added that the high costs of goods “most” “all” of increasing inflation levels this year: “We have started seeing the prices of goods appear through high inflation,” adding that the high costs of goods at the expense of “most” or “all” of increased inflation levels this year.

The president pressed Powell to resign, on the pretext that the Federal Reserve should reduce standard interest rates more because inflation is no longer a source of concern. Federal reserve officials remained cautious about price cuts due to uncertainty caused by customs tariffs.

Trump said on the social truth that pharmaceutical definitions will not apply to companies that build manufacturing factories in the United States, which he knew either by “breaking the land” or “under construction.” It was not clear how definitions would be applied to companies that already have factories in the United States

In 2024, America imported approximately $ 233 billion of pharmaceutical and medical products, according to the Statistical Office. The probability of doubling prices for some medications can send shock waves to voters such as health care expenses, as well as medical and medical care costs, which are likely to increase.

The announcement of the pharmaceutical medicine was horrific, as Trump previously suggested that the customs tariff would be disposed of in time so that companies can build factories and transfer production. In CNBC in August, Trump said he would start charging a “small tariff” on medications and raising the rate for more than a year or more to 150 % and up to 250 %.

According to the White House, the threat of customs tariffs earlier this year in many major pharmaceutical companies, including Johnson & Johnson, Estrazzinica, Rothsh, Bestol Maires Square and Elie Lily, among other things, to announce investments in American production.

Pascal Chan, Vice -President of Strategic Policy and Supply Policy chains in the Canadian Chamber of Commerce, warned that customs tariffs can harm Americans’ health through “immediate prices, tense insurance systems, hospital deficiency, and the real danger to patients who master or remain basic medicines.”

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The new definitions on the cabinets may increase the costs of home construction at a time when many people seek to buy a house, as it feels a mixture of housing lack and high mortgage rates. On Thursday, the National Real Estate Mediators said that there are signs of reduction in price pressures, as sales lists increased by 11.7 % in August since last year, but the average price of an existing house was $ 422,600.

Trump said that foreign -made trucks and parts harm the local producers who need to defend it.

“Manufacturers of large truck companies, such as Peterbilt, Kenworth, Freightliner, Mack Truecks and others, will be protected from the attack from external interruptions,” as Trump was published.

Trump has long maintained that the customs tariff is the key to force companies to invest more in local factories. Fears have rejected that importers will simply transfer a lot of taxes for consumers and companies in higher prices.

The broader definitions of each country separately depended on the declaration of an economic emergency based on the 1977 law, a fundamental tax height that two federal trials said that Trump’s authority was head. The Supreme Court is scheduled to hear the case in November.

The president continues to claim that inflation no longer represents a challenge to the American economy, despite evidence, on the contrary.

The consumer price index increased by 2.9 % over the past 12 months, an increase of an annual pace of 2.3 % in April, when Trump for the first time launched a sweeping set of import taxes.

There is no evidence that the customs tariff creates the functions of the factory or more manufacturing facilities. Since April, the work statistics office has reported that manufacturers reduced 42,000 jobs and that builders reduce them by 8,000.

“There is no inflation,” Trump told reporters on Thursday. “We are verifying incredible success.”

However, Trump also admitted that his tariff against China had affected American farmers who lost soybean sales. On Thursday, the president promised to transfer tariff revenues to farmers who were conflict, just as he did during his first term in 2018 and 2019 when his definitions resulted in the agricultural sector.

And copied 2025 Canadian press