Trump Imposes New US Tariffs on Pharmaceuticals, Trucks, and Furniture
GeokHub
Contributing Writer
US President Donald Trump has announced a fresh wave of tariffs targeting imported pharmaceuticals, trucks, and furniture, marking the latest move in his administration’s protectionist trade strategy.
The new duties are aimed at boosting domestic manufacturing and reducing reliance on foreign imports, officials said. Trump argued that the tariffs will create American jobs and strengthen key industries that have faced growing competition from overseas producers.
The announcement has sparked concern among trade partners, who warn the measures could fuel tensions and disrupt supply chains. Economists also noted that higher costs on imported goods may ripple down to consumers, potentially increasing prices in the domestic market.
Despite criticism, the White House maintains that the tariffs are necessary to secure long-term economic growth and protect American businesses from unfair trade practices. Analysts expect trade talks with affected countries to intensify in the coming weeks.
