Trump economic policy
Trump Promises $2,000 Tariff Dividends to Americans as Supreme Court Questions Presidential Authority
Nov 10, 2025 10:52 am CST
President Trump defends his controversial tariff policies, claiming they've made America "the richest, most respected country" while promising $2,000 dividends to most Americans from tariff revenues. This comes as the Supreme Court examines whether his extensive tariff implementation exceeds presidential authority, with potential trillions at stake for the US economy over the next decade.
Trump's 100% Pharmaceutical Tariffs: Potential Impact on India's $8.7 Billion US Drug Exports
Sep 26, 2025 01:18 pm CST
US President Donald Trump has announced 100% tariffs on branded and patented pharmaceutical imports starting October 1, 2025, unless companies build manufacturing facilities in America. This decision could significantly impact India's pharmaceutical sector, which exported $8.7 billion in medicines to the US in FY24, representing 31% of India's total pharma exports. With Indian companies supplying 45% of US generic drugs, both nations face potential consequences including price increases and supply disruptions.
Trump's New Import Tariffs: 100% on Pharmaceuticals, 50% on Cabinets, and Impact on U.S. Economy
Sep 26, 2025 08:25 am CST
President Trump has announced significant new tariffs starting October 1, including 100% on pharmaceutical drugs, 50% on kitchen cabinets, 30% on furniture, and 25% on heavy trucks. While aimed at boosting domestic manufacturing and reducing budget deficits, these tariffs may increase inflation and healthcare costs, with limited evidence of manufacturing job creation.