Washington: President Donald Trump on Thursday 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.
Tariffs have been a feature of Trump's second term, with duties on trading partners ranging from 10% to 50% and other targeted tariffs on a wide variety of products, casting a shadow over the global economic outlook and paralyzing business decision-making.
The new actions are seen as part of the Trump administration's shift to better-established legal authorities for its tariff actions, given the risks associated with a case before the Supreme Court on the legality of his sweeping global tariffs.
Trump also said he would