United States President Donald Trump has announced steep new tariffs on pharmaceutical products, big-rig trucks, and home renovation fixtures and furniture.

The announcement late on Thursday signalled the harshest trade plans from Trump since last April’s shock unveiling of reciprocal tariffs on virtually every US trading partner across the globe, marking a revival of the Republican president’s trade war.

Starting on October 1, “we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America,” Trump wrote on his Truth Social platform.

Shares of pharmaceutical companies across Asia with big exposure to the US market fell on Friday, including South Korea’s Samsung Biologics.

Trump’s

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