Overview

• President Trump said certain branded and patent‑protected drug imports will face a 100% tariff starting October 1, with exemptions for companies building U.S. manufacturing plants.
• White House officials indicated Japan’s pharmaceutical tariff would be limited to 15% under negotiated commitments, with the European Union expected to receive the same cap.
• No executive order or implementing text has been released, and Japanese ministers said they will evaluate the impact once specific language and exclusion criteria are disclosed.
• The administration also announced new October 1 levies of 25% on large trucks, 50% on kitchen shelving and bathroom vanities, and 30% on upholstered furniture.
• U.S. officials said the truck tariff applies to Japan, and an additional 25% on trucks and parts would lift the rate on Japanese shipments to 50% from 25%.