On September 25, President Trump announced via Truth Social that new tariffs will take effect on October 1, impacting several import categories:
- Pharmaceuticals: A 100% tariff will apply to branded and patented pharmaceuticals unless the manufacturer is actively building a production facility in the U.S. (“breaking ground” or “under construction”).
- Furniture & Cabinets: A 50% tariff will be imposed on kitchen cabinets, bathroom vanities, and related products. Upholstered furniture will face an additional 30% tariff due to increased import volumes.
- Heavy Trucks: A 25% tariff will be applied to imported heavy trucks to support domestic manufacturers and address national security concerns.
At this time, official clarification regarding whether the newly announced tariffs will be in addition to existing tariffs, or replace existing tariffs has not been issued. We are awaiting updates from Customs and Border Protection (CBP) for further instruction.
A.N. Deringer, Inc. is closely tracking these regulatory changes and will share any new developments as soon as they become available.
For more information visit: What to know about Trump’s tariffs on branded drugs, furniture and other goods | Reuters
Due to the rapidly changing application and modifications of duty rates, please note that Deringer is not responsible for coordinating the timing of U.S. entry and imposed tariff rates.
