In a bold move to bolster domestic manufacturing, President Donald Trump has announced a sweeping range of import tariffs. Effective October 1, these tariffs will affect pharmaceutical drugs, kitchen cabinets, upholstered furniture, and heavy trucks, with rates ranging from 25 to 100 percent.
Despite the absence of a clear legal rationale, Trump justified these tariffs under the guise of national security. This decision is part of an ongoing strategy, tied to the Trade Expansion Act of 1962 and Section 232 investigations, aimed at revitalizing American industry.
Economic actors express concern over the potential inflationary impacts and job market disruptions. Trump's approach faces scrutiny regarding its efficacy and legality, as both domestic and international stakeholders weigh the im