Former President Donald Trump has announced significant new tariffs, targeting pharmaceutical products, big-rig trucks, and home renovation items. The 100% tariff on pharmaceuticals will only be waived if manufacturing plants are built in the US. Additional tariffs of 25% on trucks and 50% on renovation materials, alongside 30% on furniture, aim to boost domestic industries. These moves signal a return to Trump's aggressive trade war stance, impacting global markets and drawing criticism from affected nations.

Prepared by Christopher Adams and reviewed by editorial team.