US President Donald Trump announced on Friday a 100 per cent tariff on all imported branded or patented pharmaceuticals starting October 1, unless the exporting companies are actively building manufacturing plants in the US.

In a post on Truth Social, Trump said, “Starting October 1, 2025, we will be imposing a 100 per cent tariff on any branded or patented pharmaceutical product, unless a company ‘IS BUILDING’ its manufacturing unit in America. ‘IS BUILDING’ will be defined as breaking ground and/or under construction. There will, therefore, be no tariff (on such company) if construction has started.”

He also announced a 50 per cent tariff on kitchen cabinets and bathroom vanities, a 30 per cent tariff on upholstered furniture and a 25per cent tariff on all heavy trucks to protect US ma

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