KEY TAKEAWAYS:

Trump plans 100% tariff on pharmaceuticals , 50% on cabinets, 30% on furniture

Tariffs effective Oct. 1, citing national security and economic goals

Potential consumer price increases for medicines, home goods, and trucks

Critics warn tariffs could strain healthcare, housing costs, and supply chains

President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1.

The posts on his social media site showed that Trump’s devotion to tariffs did not end with the trade frameworks and import taxes that were launched in August, a reflection of the president’s confidence that taxes will help to reduce the government’

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