President Donald Trump just dropped a big announcement on trade: Starting October 1, 2025, his administration plans to slap a 100% tariff on branded and patented pharmaceutical products imported to the US. There’s one key catch—companies can dodge the hit if they’re actively building manufacturing plants on American soil. Trump defined “building” as breaking ground or having construction underway, and he made it clear that firms already in motion won’t face the new pharmaceutical tariffs.
Trump shared the news in a post on Truth Social, writing: “Starting October 1st, 2025, we will be imposing a 100 Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America.” He added that this move aims to bring drug production back home and boost US manufacturing jobs in the pharmaceuticals sector.
But that’s not all. Trump also targeted everyday household items with fresh tariffs. Expect a 50% duty on imported kitchen cabinets, bathroom vanities, and similar products, plus a 30% tariff on upholstered furniture—all kicking in on the same date. These steps build on Trump’s ongoing trade policy to protect American workers from what he calls unfair foreign competition.
The impact on consumers? Furniture prices are already climbing thanks to earlier US tariffs on key importers like China and Vietnam. According to the Bureau of Labor Statistics, overall furniture costs rose 4.7% last month compared to August 2024. Living room and dining room pieces have jumped even more—up 9.5% over the past year. China and Vietnam each shipped about $12 billion in furniture and fixtures to the US last year, per Commerce Department data.
Trump blamed the surge on “large-scale flooding” of cheap imports, saying in his post that foreign countries are oversupplying the market. “It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process,” he explained. Before these import tariffs ramped up, furniture prices had actually dropped for over two years, but now they’re reversing course as the US pushes to revive domestic production.
This comes amid broader tariff hikes Trump introduced in August after some trade talks. They hit dozens of countries, including 50% on Indian goods (with an extra 25% penalty for trade ties to Russia), 50% on Brazilian imports, 30% on South African products, 20% on Vietnamese goods, and 15% each on Japanese and South Korean items. These moves underscore Trump’s focus on reshaping global trade to favor US interests.
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