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.