President Donald Trump focuses at the Federal Court of Appeal against his rates during a press conference.
President Donald Trump announced his latest rates round that will take effect on 1 October in a series of social functions of De Waarheid on Thursday evening.
The rates will focus on medicines, home goods and heavy trucks, and Trump said he believes that the move will strengthen American production and protect national security.
In one report he stated that branded and patented pharmaceutical products will receive a rate of 100%, unless the company actively builds a factory in the United States. He defined that as a breaking soil or under construction.
His reasoning is that the measure of medicine makers will force production to move to American soil.
Trump rates drag more than $ 200 billion in income if Supreme Court is a challenge for the legality
President Donald Trump has a graph while comments on mutual rates during an event in the Rosentuin entitled “Make America Wealthy Again” in the White House in Washington, DC, on April 2, 2025. (Brendan Smialowski / AFP via Getty Images / Getty images)
Trump also announced plans to stop the “floods” of imports that threaten American manufacturers by imposing a rate of 50% on kitchen cabinets, bathroom sides and related products, and a rate of 30% on upholstered furniture.
“The reason for this is the large -scale ‘flooding’ of these products in the United States by other foreign countries. It is a very unfair practice, but for national security and other reasons we must protect our production process. Thank you for your attention to this issue!” The president wrote.
He also said that he will impose a rate of 25% on heavy trucks built outside the US, a step aimed at shielding domestic companies such as Peterbilt, Kenworth, Freightliner and Mack Trucks.
“To protect our large heavy truck manufacturers against unfair external competition, from 1 October 2025 I will impose a rate of 25% on all ‘heavy (large!) Trucks made in other parts of the world,” the post said.
Bessent defends Trump’s rates against claims that they are harming American companies
The announcement underlined Trump’s urge to frame trade policy, not only as an economic lever, but as a matter of national security.
“We need our truck drivers to be financially healthy and strong, for many reasons, but especially for national security purposes!” He wrote.
Trump argues that the rates are essential for US production and ‘national security’, although economists have warned that the measures can increase and escalate consumer prices.
Piles of our wood are stamped “Made in USA” and available for sale at Home Depot on March 3, 2025 in Pasadena, California. (Mario Tama / Getty Images / Getty images)
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In a Q&A February, Brown University Professor of Economics etybnem Kalemli-Orzcan argued: “American consumers will be injured … they have to get ready to buy things more, look for alternatives or reduce their consumption.”
Dallas Federal Reserve President Lorie Logan said in comments prepared for a speech at the Peterson Institute for International Economics Economics on Trade and immigration that rate is increasing “both inflation and unemployment could considerably increase.”
