Trump announces steep import tariffs on drugs, furniture, trucks from Oct 1

President Donald Trump has said that he will put import taxes of 100 per cent on pharmaceutical drugs, 50 per cent on kitchen cabinets and bathroom vanities, 30 per cent on upholstered furniture and 25 per cent on heavy trucks starting on October 1.

The posts on his social media site on Thursday showed that Trump’s devotion to tariffs did not end with the trade frameworks and import taxes that were launched in August,



a reflection of the president’s confidence that taxes will help to reduce the government’s budget deficit while increasing domestic manufacturing.

While Trump did not provide a legal justification for the tariffs, he appeared to stretch the bounds of his role as commander-in-chief by stating on Truth Social that the taxes on imported kitchen cabinets and sofas were needed “for National Security and other reasons”.