Overview

• President Donald Trump announced a 100% tariff on branded or patented pharmaceutical imports effective October 1, with exemptions only for companies building manufacturing plants in the United States.
• The package also includes new duties of 25% on heavy trucks made outside the U.S., 50% on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture.
• China’s Ministry of Commerce launched a formal investigation into Mexico’s proposed tariff increases on more than 1,400 lines from non‑FTA partners, warning of serious harm to Chinese firms’ interests.
• President Claudia Sheinbaum proposed a high‑level working table with China after Economy Secretary Marcelo Ebrard met the Chinese ambassador and agreed to receive technical specialists for talks.
• Ebrard said Mexico will consult the U.S. Trade Representative on how the tariffs will be applied, seek preferential treatment, and present arguments next week, as industry groups and officials warn of higher costs, supply disruptions and inflation risks.