In a fresh expansion of the tariff net, US President Donald Trump on Friday said Washington will be imposing a 100 per cent tariff on branded or patented pharmaceutical products, a 50 per cent tariff on all kitchen cabinets, bathroom vanities and associated products, and a 25 per cent tariff on heavy trucks from October 1. This comes after the US launched a range of investigations under Section 232 of the Trade Expansion Act of 1962, which gives Trump the power to raise tariffs citing “national security”.

The wave of fresh tariffs under Section 232 comes at a time when Trump’s tariff powers under the International Emergency Economic Powers Act (IEEPA) could possibly be curtailed next month if an adverse ruling comes in from the US Supreme Court, forcing the administration in DC to remov

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