Trump, United States and tariff
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Trump, tariffs and Drugmakers
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President Donald Trump on Monday ordered significant new tariffs on wood and various wooden products, including imported lumber, timber, kitchen cabinets and upholstered furniture – potentially adding costs to homebuilding and furnishing,
The Trump administration set tariffs on imported wood, furniture and kitchen cabinets announced by President Trump last week, while delaying their implementation by two weeks to Oct. 14. Tariffs on cabinets,
President Donald Trump ordered new tariffs Monday on imported lumber, cabinets and furniture, as the administration targets Chinese manufacturers.
President Donald Trump threatened Monday to impose “substantial Tariffs on any Country that does not make its furniture in the United States,” he wrote in a Truth Social post. “Details to follow!!!” he added.
Despite importing popular drugs like Zepbound and Mounjaro, Eli Lilly is exempt from Trump's tariffs on Big Pharma for now.
U.S. President Donald Trump's import tariffs have breathed life into dormant free trade talks across the globe and driven alliances at an unrivalled pace between partners seeking to offset lost exports to the United States.
President Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariff on imported branded drugs, 25% tariff on imports of all heavy-duty trucks and 50% tariffs on kitchen cabinets. Trump also said he would start charging a 30% tariff on upholstered furniture next week.