Published on, Sept. 26 -- September 26, 2025 9:43 AM

President Donald Trump has launched another wave of tariffs, unveiling a 100% duty on branded pharmaceutical products, a 25% tariff on heavy-duty trucks, and new charges on furniture and household imports such as kitchen cabinets and upholstered goods. The tariffs take effect October 1, marking one of the most aggressive trade measures of his second term.

Trump justified the move on Truth Social, blaming foreign "flooding" of goods for hurting U.S. industries. "This will bring the furniture business back," he declared, highlighting job losses in states like North Carolina, South Carolina, and Michigan.

Markets reacted swiftly. Asian pharma stocks tumbled, with CSL in Australia plungi...