President Trump announced a new 100% tariff on branded or patented pharmaceuticals entering the U.S. starting October 1st. This measure excludes companies actively building drug manufacturing plants within the country. The announcement also included tariffs on heavy trucks and kitchen/bathroom products. This move follows previous threats of much higher pharmaceutical tariffs and ongoing national security investigations into various imported goods, including medical devices and personal protective equipment.

Prepared by Christopher Adams and reviewed by editorial team.