 "Trump announces 100% tariff on pharma, 50% on kitchen cabinets and bathroom vanities")
US President Donald Trump on Friday announced a whopping 100 per cent tariffs on pharma products and 50 per cent tariffs on kitchen cabinets and bathroom vanities as he unleashes his latest crackdown on global trade
US President Donald Trump on Friday announced a whopping 100 per cent tariffs on pharma products and 50 per cent tariffs on kitchen cabinets and bathroom vanities. Apart from this, the American leader also imposed a 30 per cent duty on upholstered furniture and a 25 per cent duty on heavy trucks.
The measures are seen by many as Trump’s latest crackdown on international trade ,which is expected to take effect on October 1. The announcement from the American president came in a series of posts on his social media platform TruthSocial, indicating that he remains committed to tariffs beyond the trade frameworks and import taxes introduced in August.
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