The introduced 100% tariff on prescription drugs, 25% on vans, and 30% on furnishings, resulting from come into impact on October 1, reopen the US president’s commerce battle.
Revealed On 26 Sep 2025
United States President Donald Trump has introduced steep new tariffs on pharmaceutical merchandise, big-rig vans, and residential renovation fixtures and furnishings.
The announcement late on Thursday signalled the harshest commerce plans from Trump since final April’s shock unveiling of reciprocal tariffs on just about each US buying and selling companion throughout the globe, marking a revival of the Republican president’s commerce battle.
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Beginning on October 1, “we can be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, except a Firm IS BUILDING their Pharmaceutical Manufacturing Plant in America,” Trump wrote on his Fact Social platform.
Shares of pharmaceutical firms throughout Asia with large publicity to the US market fell on Friday, together with South Korea’s Samsung Biologics.
Trump’s transfer was criticised by Australia, which exported pharmaceutical merchandise price an estimated $1.3bn to the US in 2024, in accordance with the United Nations Comtrade Database.
In a separate put up, Trump wrote of a 25 p.c tariff on “all ‘Heavy (Huge) Vehicles’ made in different elements of the world” to assist US producers comparable to “Peterbilt, Kenworth, Freightliner, Mack Vehicles and others”.
Overseas firms that compete with these producers within the US market embody Sweden’s Volvo and Germany’s Daimler. Shares in each firms had been sharply decrease in after-hours buying and selling in Europe.
Trump stated the truck tariffs had been “for a lot of causes, however above all else, for Nationwide Safety functions!”
Earlier this 12 months, the Trump administration launched a so-called Part 232 probe into imports of vans to “decide the consequences of nationwide safety”, setting the stage for Thursday’s announcement.
Part 232 is a commerce regulation provision that provides the president broad authority to impose tariffs or different restrictions on imports when they’re deemed a menace to nationwide safety.
Trump additionally stated a 50 p.c tariff on house renovation supplies and a 30 p.c tariff on upholstered furnishings could be imposed, as he claimed that such merchandise had been swamping the US market from overseas.
In keeping with the US Worldwide Commerce Fee, in 2022, imports, primarily from Asia, represented 60 p.c of all furnishings bought, together with 86 p.c of all wooden furnishings and 42 p.c of all upholstered furnishings.
Shares in house furnishings retailers Wayfair and Williams Sonoma, which depend upon these imported items, tumbled in after-hours buying and selling.
Trump’s administration has already imposed a baseline 10 percent tariff on all international locations, with greater individualised charges on nations the place exports to the US far exceed imports.
Trump has additionally used emergency powers to impose additional tariffs on trade deal partners Canada and Mexico, in addition to on China, citing issues over fentanyl trafficking and undocumented migration.
It was not but clear how these new tariffs would issue into the prevailing measures.
