US President Donald Trump announced a new wave of tariffs on Thursday, including a 100% levy on branded or patented drug imports from 1 October,unless a company is building a factory in the US, the BBC reports.
Washington will also impose a 25% import tax on all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets, the US president said as he unveiled the industry-focused measures.
“The reason for this is the large scale “FLOODING” of these products into the United States by other outside Countries,” Trump wrote on his Truth Social platform, citing the need to protect US manufacturers.
The announcements come despite calls from US businesses for the White House to not impose further tariffs.
