U.S. President Donald Trump on Thursday announced a 100% tariff on imports of branded or patented pharmaceutical products, effective October 1. The move is expected to have major repercussions for key Indian drugmakers.

The announcement extends beyond pharmaceuticals. Trump further stated that 50% import taxes will be levied on kitchen cabinets, 30% on upholstered furniture, and 25% on heavy trucks.

In a separate post on Truth Social, he stated that with the new reforms, he will also be imposing a 25% tariff on all heavy trucks made in other parts of the world, to support U.S. manufacturers such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others.

Trump further stated that the tariffs are being implemented for many reasons—but above all, for national security purposes.

Earlie

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