Fri Sep 26 07:47:50 UTC 2025: **Trump Resurrects Trade War with Sweeping New Tariffs**
**Washington D.C.** – Former President Donald Trump has announced a new wave of tariffs targeting pharmaceuticals, trucks, and furniture, signaling a revival of his aggressive trade policies. The tariffs, set to take effect on October 1st, include a 100% levy on branded and patented pharmaceuticals not manufactured in the US, a 25% tariff on imported heavy trucks, and a 30% tariff on imported upholstered furniture.
Trump announced the measures on his Truth Social platform, stating the pharmaceutical tariff aims to incentivize domestic drug manufacturing. He justified the truck tariff, citing national security concerns and aiming to bolster American manufacturers like Peterbilt, Kenworth, Freightliner, and Mack Trucks. The furniture tariff, he claimed, would address the influx of foreign goods that are “swamping” the US market.
The announcement has already sent ripples through global markets. Shares of pharmaceutical companies in Asia, particularly South Korea’s Samsung Biologics, experienced declines following the announcement. Australia, a significant exporter of pharmaceuticals to the US, has criticized the move. European truck manufacturers, Volvo and Daimler, also saw their shares drop after hours. Furniture retailers Wayfair and Williams Sonoma, which rely heavily on imported goods, also suffered in after-hours trading.
These new tariffs follow a previous blanket 10% tariff imposed by the Trump administration, and are in addition to existing tariffs on countries such as Canada, Mexico and China for reasons of national security. It remains unclear how these new measures will interact with the existing trade framework. The move is likely to reignite trade tensions and raise concerns about the impact on consumers and businesses.
First Piper 