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U.S. to impose tariffs on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucks (www.cbsnews.com)

submitted 1 month ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Trump announced Thursday that the U.S. would impose a new round of tariffs, including a 100% tariff on pharmaceutical drugs, a 30% tariff on upholstered furniture, a 50% tariff on kitchen cabinets and bathroom vanities, and a 30% tariff on heavy trucks.

In social media posts to Truth Social, Mr. Trump said the new tariffs would take effect Oct. 1.

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[–] cyrano@lemmy.dbzer0.com 8 points 1 month ago

I’m a foreign drug company, I want to avoid tariffs, I walk into Trumps’s office with a graphic showing a $ 50 billion investment, I buy $1 million in Trump meme coins from Eric. No Tariffs and the only cost is the bribe and the $50 to print the poster at Kinkos.

The point is, easy to delay planning for a factory 3 years. Which most of these folks are doing.