President Trump announced new tariffs on a range of imported goods, including a 100% tariff on branded drugs, 25% on heavy-duty trucks, and 50% on kitchen cabinets. Upholstered furniture will face a 30% tariff starting next week. Trump cited protection of domestic manufacturers and national security as reasons, specifically mentioning unfair competition and "flooding" of products. The U.S. Chamber of Commerce and international manufacturers, including those from Mexico and Japan, have expressed opposition, warning of increased transportation costs and potential harm to economic partners.

Prepared by Christopher Adams and reviewed by editorial team.