Overview

• The White House detailed the move via Truth Social, specifying that “in construction” will be defined as work having started at a U.S. site.
• Additional levies include a 25% tariff on heavy trucks, 50% on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture.
• European and U.S. pharmaceutical groups warned of higher costs, supply disruptions, and risks to patient treatment, with PhRMA cautioning that investment plans could be jeopardized.
• Key details remain unsettled as the administration has not released its national‑security report and it is unclear whether partners such as the EU, the UK, or Japan will receive exemptions under recent tariff agreements.
• Eli Lilly announced plans for new plants in Houston and Virginia, yet analysts say constructing and certifying drug facilities can take years, suggesting limited short‑term effects.