US EditionTariffs on Drugs, Trucks and Furniture Set to Jolt US Economy From Oct 1
New tariffs include 100% duty on patented pharmaceuticals and 25% on heavy-duty trucks to protect U.S. manufacturers from high import levels, effective October 1.
- President Donald Trump announced new tariffs starting October 1, 2025, on imported pharmaceuticals, heavy trucks, kitchen cabinets, bathroom vanities, and upholstered furniture in the United States.
- Trump imposed these tariffs to address the large-scale flooding of such products into the U.S. market, aiming to protect domestic manufacturers and invoked executive authority under Section 232 separate from ongoing global tariff disputes.
- The tariffs include 100% on branded or patented drugs unless companies are building U.S. manufacturing plants, 25% on heavy trucks, 50% on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture.
- Major drugmakers like Eli Lilly and Pfizer have announced billions in U.S. manufacturing investment, and despite tariff concerns, sectors like the Dow Jones and S&P 500 opened higher with only brief pre-market dips for furniture firms such as Wayfair and RH.
- These tariffs signal a rapid expansion of Trump’s tariff regime using national security claims and could impact multiple business sectors, while exemptions for manufacturers building plants in the U.S. may somewhat mitigate effects on pharma imports.
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