What new tariffs has Trump imposed?
Asked 2 hours ago
Answer
Trump has imposed new tariffs including 100% on imported branded pharmaceuticals, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy-duty trucks. Some exemptions apply for companies building manufacturing plants in the U.S.
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European drugmakers' shares hold firm, despite Trump tariffs
Reuters ยท Just In
Reuters
Just In
- European pharmaceutical shares held steady after the US announced new import tariffs.
- The US plans to impose a 100% levy on branded drugs, with details on whether these are in addition to existing tariffs still unclear. 6s
- Recent trade deals cap pharmaceutical tariffs, and a preliminary US-EU deal would limit them to 15%, but this is not yet formalized. 24s
- Major drugmakers, including Roche and Novartis, have announced large US investments in response to the tariffs. 41s
- The 100% tariffs will apply only to producers without US operations, and pharmaceutical stocks recovered after initial losses. 52s
References
CNBC
9 hours agoEurope's pharma giants could be insulated from Trump's drug tariffs
A 100% duty is imposed on branded or patented drug imports, with exemptions for companies building manufacturing plants in the U.S. Trump also unveiled a 25% levy on heavy truck imports and 30-50% tariffs on furniture and kitchen cabinets.
