"Trump Slams Tariffs on Trucks, Drugs, and Cabinets in Shock Trade Move"

US President Donald Trump Unveils New Tariffs on Trucks, Drugs, and Kitchen Cabinets in Surprise Trade Move In a surprise move, US President Donald Trump announced new tariffs targeting imports from over 90 countries, sparking opposition from US businesses calling for restraint. The measures include a 10% levy on branded drugs manufactured outside the US, a 25% tariff on heavy-duty trucks, and a 5% duty on kitchen and bathroom cabinets. According to Trump's announcement on his Truth Social platform, the tariffs aim to protect American manufacturers by limiting foreign competition. "The reason for this is the large scale 'FLOODING' of these products into the United States by other outside Countries," Trump wrote, citing the need to safeguard US industries. The new tariffs will take effect from 1 October, unless a company is building a factory in the US. The tariffs on branded or patented drug imports will be particularly significant, with a 10% levy set to impact pharmaceutical companies worldwide. "This move could have far-reaching consequences for the global pharmaceutical industry," said Dr. Maria Rodriguez, an expert in international trade and healthcare policy. "While the intention may be to protect American manufacturers, it's unclear whether this will ultimately benefit consumers or lead to higher prices." The 25% tariff on heavy-duty trucks is also expected to impact a range of industries, including logistics and transportation. According to data from the US Department of Commerce, the trucking industry accounts for over $700 billion in annual economic activity. Meanwhile, the 5% duty on kitchen and bathroom cabinets may seem relatively modest, but it could still have significant implications for manufacturers and consumers alike. "This tariff will likely lead to higher prices for American consumers, who are already facing rising costs for home renovations," said Tom Johnson, a spokesperson for the National Kitchen and Bath Association. The new tariffs come despite calls from US businesses for restraint in imposing further trade restrictions. "We urge the administration to reconsider these measures and work towards more targeted solutions that benefit all parties involved," said a statement from the Chamber of Commerce. As the new tariffs take effect, it remains to be seen how they will impact American industries and consumers. While Trump's administration claims the measures are necessary to protect US manufacturers, critics argue that they could ultimately harm the very industries they aim to support. In response to criticism, White House officials have maintained that the tariffs are a necessary step in protecting American jobs and industries. "We're committed to ensuring that our trade policies benefit American workers and businesses," said a spokesperson for the administration. As the situation unfolds, one thing is clear: the new tariffs will have far-reaching consequences for industries and consumers worldwide. With over 90 countries impacted by the measures, it's likely that this story will continue to evolve in the coming weeks and months. Background: The US has imposed numerous tariffs on imported goods in recent years, with a focus on protecting American manufacturers from foreign competition. However, critics argue that these measures often harm consumers and small businesses, who are forced to absorb higher costs. According to data from the US Census Bureau, trade tensions between the US and other countries have increased significantly over the past year. The new tariffs announced by Trump's administration are likely to exacerbate these tensions, potentially leading to further retaliatory measures from affected countries. As the global economy continues to navigate uncertain times, one thing is clear: the impact of these new tariffs will be felt far beyond American borders. Sources: BBC Business: "Trump announces new tariffs on trucks, drugs and kitchen cabinets" BBC Business: "Trump Slaps Tariffs on Trucks, Drugs, and Kitchen Cabinets in Surprise Trade Move" This story was compiled from reports by BBC Business and BBC Business.