President Trump on Thursday announced a slew of steep tariffs on pharmaceuticals, semi trucks, kitchen cabinets and furniture, saying import taxes on those products would go into effect on Oct. 1.Have we learned we can't make deals with President Deals yet?
The effects of the new tariffs are likely to be felt across sectors of the economy, from housing and health care to logistics. The tariffs range from 25 percent to 100 percent, with the highest levies applying to “any branded or patented” pharmaceutical product coming into the United States.
The president also said the United States would begin imposing a 50 percent tariff on imported kitchen cabinets, bathroom vanities and associated products, along with a 30 percent tariff on imported upholstered furniture and a 25 percent tariff on foreign semi trucks.
I suspect not!
