Despite importing popular drugs like Zepbound and Mounjaro, Eli Lilly is exempt from Trump's tariffs on Big Pharma for now.

President Donald Trump’s latest onslaught of sector-based tariffs includes a surprise reprieve for the pharmaceutical industry.

"What is becoming increasingly clear though is that firms are responding to U.S. tariffs by stepping up production in their U.S. subsidiaries."

Trump last week said that steep tariffs on upholstered furniture, and kitchen and bathroom vanities would take effect on Wednesday.

Donald Trump’s tariffs have triggered an explosion in cargo theft across the US as organised gangs target truck drivers.

Analysts are already warning that U.S. consumers could see higher prices due to new tariffs President Donald Trump plans to impose on drug product imports as soon as next week

Import duties are posing a challenge to some smaller companies, which fear that raising prices to cover higher costs will drive away customers.