Washington slaps new US drug tariffs, trucks and furniture

• President Trump reports national security for a new round of invoices.
• The shares of Hong Kong’s pharmaceutical companies in India Slide.
• 100% duty to branded medicines that resigned if the ground breaks at the US plant.

Washington: President Donald Trump unveiled a new round of price punishment on Thursday in a wide range of imported goods, including 100% of drugs with branded drugs and 25% on heavy duty trucks, which will come into force next week.

Invoices are characteristic of Trump’s second term, with sweeping duties on commercial partners ranging from 10% to 50% and other targeted contributions to a wide variety of products, throwing a shadow over global economic perspectives and paralyzing business decisions.

Announcements, which were made about the truth, did not include details of whether the new contributions would be implemented at the top of national invoices or whether economies with trade agreements such as the European Union and Japan will be exempt. Tokyo said he was still analyzing the possible effects of new measures.

Trump also said he would start charging a 50% invoice in kitchen cabinets and bath vanrows and a 30% invoice for upholstered furniture, with all new tasks to come into force on October 1.

“The reason for this is the large scale of” floods “of these products in the United States from other external countries,” Trump said about the truth of the house’s social invoices.

Pharmaceuticals in Asia have sank as investors reacted to the news, with Australia’s CSL hitting six years low, Japan’s Sumitomo Pharma4506, with Hong Kong’s Hong Kong’s Hong Kong Kong Biotech.

An indicator that watches furniture manufacturers with Chinese. CSIH30048 also decreased by 1.1%.

The new actions are considered as part of Trump’s shift to better established legal principles for its pricing actions, as the risks associated with a case before the Supreme Court on the legality of its sweeping global invoices.

The new 100% invoice in any commercial or patented medicinal product will apply to all imports, unless the company has already broken the ground for the construction of a US production plant, Trump said.

Pharmaceutical research and manufacturers of America, an industrial group, said companies “continue to announce hundreds of billions of new investment in the US.

Trump’s administration has opened a dozen detectors to the consequences of national security of wind turbine imports, planes, semiconductor, polylyl, copper, timber, timber and critical minerals to form the basis of new invoices.

Trump this week has announced new detectors in personal protective equipment, medical items, robotics and industrial machines.

Foreign policy tool

Trump has made contributions a key foreign policy tool, using them to renegotiate trade agreements, extract concessions and exert political pressure on other countries. His administration has achieved invoices as an important source of revenue, with Finance Minister Scott Bessent saying that Washington could collect $ 300 billion by the end of the year.

Trump has previously imposed national security invoices on steel and aluminum and derivatives, cars and light user and copper spare parts.

Trump’s trade agreements with Japan, the EU and the United Kingdom include provisions that higher prices for specific products, indicating that the new highest national security tariffs may not increase it above the agreed rates.

Japan evaluates how new measures are related to its agreement, Chief Commercial Negotiator Ryosei Akazawa said at a press conference on Friday.

He stressed, however, that the invoices imposed on Japanese drugs would not be higher than those of other countries, as Tokyo had secured the most favored nation in these objects and more.

The US Pharmaceutical Commercial Group said earlier this year that 53% of $ 85.6 billion in ingredients used in drugs consumed in the United States were manufactured in the US with the rest of Europe and other US allies.

When it comes to furniture, imports in the United States hit $ 25.5 billion in 2024, up 7% since the previous year. About 60% of these imports came from Vietnam and China, according to furniture today, a commercial edition.

Trump in August had promised to impose new furniture invoices, saying that “it will bring the furniture business back” to North Carolina, South Carolina and Michigan.

Furniture and wood -working wood products have been reduced by half from 2000 to about 340,000 today, according to government statistics.

Inflation pressure

Higher invoices in commercial vehicles could put pressure on transport costs just like Trump has sworn to reduce inflation, especially in consumer goods such as grocery stores.

Trump said the new heavy duty truck invoices were to protect manufacturers from “unfair external competition” and said the move would benefit companies such as Paccar Peterbilt and Kenworth and Daimler Freightliner truck.

The US Chamber of Commerce earlier urged the Department not to impose new truck invoices, noting that the first five sources are Mexico, Canada, Japan, Germany and Finland “all are allies or narrow US partners”.

Mexico is the largest middle and heavy -duty truck exporter in the United States. A study published in January said the imports of these largest vehicles from Mexico have tripled since 2019.

Mexico has opposed new invoices, telling the Trade Department in May that all Mexican trucks exported to the United States have averaging 50% content in the US, including diesel engines.

Chrysler-Parent Stelantis is among the companies that produces RAM trucks and commercial trucks in Mexico.

Last year, the US introduced nearly $ 128 billion in heavy parts of Mexican vehicles, representing about 28% of total US imports in the category, Mexico said.