Published 26/09/2025 14:28 | Edited 27/09/2025 09:39
Continuing his tariff crusade, US President Donald Trump announced, on Thursday (26), a new length of tax increase for imported products that will be effective from October 1st. The measure even reaches medicines, which will be taxed by 100%. In general, the argument used is to protect the local industry.
In the case of pharmaceutical products, an exception was opened for those whose companies are building factories in US territory.
The announcement of the taxation of 100%over this sector surprised the financial market and some of the main companies in the field accumulated losses in stock exchanges, including Novo Nordisk (-1.9%), Galderma (-1%) and Merck (-0.5%).
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Given the announcement, the Pharmaceutical Research and Manufacturers of America Association and Pharmaceutical Product Manufacturers) spoke contrary to the measure and pointed out that 53% of US $ 85.6 billion in US -consumed medicines were produced in the country, while the rest came from Europe and other American allies.
The new rates also reach cooking cabinets, bathrooms and the like (50%) and mobile and upholstered (30%). On these items, Trump stated, via social networks, that the reason would be “large -scale flooding of these products in the United States by other countries”
Heavy trucks were also taxed at 25%to safeguard American manufacturers of “unfair external competition” and would help boost local companies such as Peterbilt and Mack Trucks.
The announcement should mainly reach European and Asian countries, as well as Canada and Mexico.
With agencies
Source: vermelho.org.br
