US President Donald Trump’s brand-new tariff announcement is set to take a toll on not only the pharmaceutical industry, but also heavy-duty trucks, kitchen cabinets and upholstered furniture. Doubling down on US manufacturing, the American leader’s ‘America First’ agenda will be pushing these new punishing tariffs to go into effect on October 1, 2025.

The MAGA leader’s Thursday (US time) revelation comes a day after the US Commerce Department announced a series of national security investigations on robotics, medical devices and industrial machinery to study the ramifications of imports.

The new probes, on top of the other dozens of ongoing investigations, inevitably prompted fears for yet another tariff wave in the making. Although more official word on any potential finalisation o

See Full Page