Trump Imposes New Tariffs on Medicine and Bathroom Imports
President Trump announced 100% tariffs on pharmaceutical imports starting October 1. Companies can avoid duties by manufacturing in the U.S. The move continues his America-first trade policy ahead of elections.
President Donald Trump announced new tariffs set to take effect this Wednesday. The measures specifically target pharmaceutical imports with 100% duties. These tariffs will begin on October 1 and cover patented medicines. Trump claims companies can avoid tariffs by building factories in the United States.
He stated on social media that protecting domestic manufacturing is a national security priority. The announcement came overnight on Truth Social. No details were provided about how exemptions would work.
This move continues Trump's protectionist trade policies. It forces pharmaceutical companies to choose between paying high tariffs or relocating production. The timing raises questions about supply chain impacts ahead of the U.S. election.