"On Thursday evening, Trump announced on Truth Social thata fresh flurry of tariffs would start on October 1. According to Trump's post, the US will impose 100% duties on imported branded or patented pharmaceuticals, 25% tariffs on heavy-duty trucks, and 50% tariffs on kitchen cabinets. "The reason for this is the large-scale 'flooding' of these products into the United States by other outside Countries," Trump wrote. "It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process.""
"It is unclear whether these tariffs will be imposed under emergency powers or if the White House has completed Section 232 investigations to implement tariffs on the grounds of national security. Trump's objective to raise tariffs seems unaffected by the increased inflation in August and the lawsuits against his existing tariffs. According to data released by the Bureau of Labor Statistics in August, the price of the "food at home" category saw the largest monthly increase since August 2022. The consumer price index, which measures average prices excluding food and energy, also rose 3.1% in the same month."
New tariffs will take effect on October 1: 100% duties on imported branded or patented pharmaceuticals, 25% on heavy-duty trucks, and 50% on kitchen cabinets. The announced rationale cites large-scale flooding of these products into the United States and invokes national security and manufacturing protection. The legal authority for the measures—whether emergency IEEPA powers or completed Section 232 investigations—remains unclear. The tariff push proceeds amid rising inflation and lawsuits over existing tariffs. Bureau of Labor Statistics data show a sharp monthly increase in the "food at home" category and a 3.1% rise in core consumer prices in August. The White House did not immediately respond to requests for comment.
Read at Business Insider
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