Monday’s threat is just the latest in a long line of whopping trade penalties imposed by the White House. Last week, the president unveiled a 100 percent tariff on branded drugs, a 25 percent tariff on heavy trucks, a 50 percent tariff on kitchen cabinets, and a 30 percent tariff on upholstered furniture.

The deal comes after Trump sent letters to Pfizer and 16 other drugmakers calling on them to take steps to lower drug prices by Sept. 29.