President Donald Trump announced new tariffs on heavy trucks, furniture and pharmaceutical products late Thursday, saying the levies will take effect Oct. 1.

In a post on social media, Trump said the new tariff for heavy trucks would be 25 percent and would seek to help companies such as Peterbilt, Kenworth, Freightliner and Mack trucks. New import taxes of 50 percent will be imposed on “all Kitchen Cabinets, Bathroom Vanities, and associated products,” Trump added. Upholstered furniture will be subject to a 30 percent rate, he said.

Pharmaceutical products may face a rate of 100 percent, Trump also said in a separate post. However, he suggested drug companies that are building plants in the United States could face lower tariffs.

The fresh tariffs add to a cloud of uncertainty on trade

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