President Donald Trump unleashed a fresh round of punishing tariffs on a broad range of imported goods, saying the U.S. will impose 100% duties on branded drugs and 25% tariffs on heavy-duty trucks, among other import tariffs, starting next week.
Breakdown
- Trump announces 25% tariff on heavy-duty trucks, citing national security. 10s
- A 100% tariff will be imposed on branded pharmaceuticals unless US manufacturing has started. 34s
- New tariffs include 50% on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture. 58s
- Industry groups warn tariffs could harm investment and disrupt trade. 49s
- Details on exemptions or stacking with existing tariffs were not provided. 1m 38s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.