What happened

President Donald Trump Thursday night said he would impose new tariffs on drugs, heavy trucks and furniture starting next Wednesday. Drugmakers who have broken ground on new U.S. manufacturing plants by then would be exempt from the new 100% import tax, he said.

Who said what

Trump said he was using his authority under Section 232 of the 1962 Trade Expansion Act to slap tariffs of 25% on semi trucks, 30% on upholstered furniture, 50% on kitchen and bathroom cabinetry and 100% on some “branded or patented” drugs. The increasing use of Section 232 is “seen as part of the Trump administration’s shift to better-established legal authorities for its tariff actions,” Reuters said. Trump’s “sweeping global tariffs,” issued under different emergency powers, face an uncertain f

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