Trump Announces New Tariffs on Imported Goods

According to BlockBeats, U.S. President Donald Trump has announced new tariffs set to take effect from October 1, 2025. A 25% tariff will be imposed on all heavy trucks manufactured outside the United States. Additionally, kitchen cabinets, bathroom vanities, and related products will face a 50% tariff. Upholstered furniture will be subject to a 30% tariff. Furthermore, a 100% tariff will be applied to pharmaceutical products of any brand or patent unless the company is establishing its manufacturing facilities within the United States.