Overview

• President Trump announced a 100% tariff on certain imported pharmaceuticals beginning Oct. 1, targeting branded and patent‑protected drugs.
• Companies constructing drug manufacturing facilities in the United States will be exempt from the medicine tariff under the stated plan.
• Additional duties take effect Oct. 1: 25% on large trucks, 50% on kitchen cabinets and vanities, and 30% on upholstered furniture.
• Trump said the truck tariff is intended to protect U.S. heavy‑duty manufacturers from what he called unfair competition.
• Reporting indicates U.S. authorities are examining medical devices and industrial machinery for potential sector tariffs, and prior accords suggest Japan may see limited impact as the EU agreed to a 15% medicine rate.