Trump announces new tariffs on cabinets, trucks, pharmaceuticals
President Donald Trump announced new tariffs on a range of goods -- including on some bathroom and kitchen furnishings, pharmaceuticals and large trucks -- in a series of social media posts on Thursday.
Trump said he will impose a 50% tariff on all cabinets, bathroom vanities and other associated products starting on Oct. 1.
"The reason for this is the large scale 'FLOODING' of these products into the United States by other outside Countries," Trump said in the post. "It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process."

Trump also said he would impose a 30% tariff on upholstered furniture.
In a separate post, Trump said he would enact a 25% tariff on all "Heavy (Big!) Trucks" made in other parts of the world. This is also set to go into effect on Oct. 1
Finally, Trump said he would impose a 100% tariff on any branded or patented pharmaceutical product unless the company is actively building its manufacturing plant in the U.S.
It is not clear yet what medications will incur this new tariff. The U.S. already has a framework trade deal with the EU for a 15% tariff on most goods, where many branded drugs are manufactured.
The association that represents most large U.S. pharmaceutical companies said in a statement most of the latest medications prescribed in the U.S. are made in the U.S.
-ABC News' Hannah Demissie, Zunaira Zaki and Eric Strauss







