“WASHINGTON -- President Trump unveiled many new tariffs Thursday, including a large one on drugs from pharmaceutical companies that aren't building plants in the U.S.
"Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America," Trump posted on his social-media site, Truth Social, without providing details.
Many of the largest pharmaceutical companies have announced new construction in the U.S. in recent months including Eli Lilly, AstraZeneca, Roche Holding and GSK. So far this year, more than a dozen drugmakers have pledged to spend more than $350 billion collectively by the end of this decade on manufacturing, research and development, and other functions in the U.S., The Wall Street Journal recently reported.
Roughly nine out of 10 prescriptions in the U.S. are filled with generic drugs, which wouldn't be affected by a tariff on "branded or patented" products, as Trump outlined.
This summer, the Trump administration placed a 15% tariff on most pharmaceuticals coming from the European Union.
Pharmaceutical companies have been fearful of tariffs because many have manufacturing plants in Europe and other regions outside the U.S.
Drugmakers oppose new duties, arguing that medicines have historically been exempt from tariffs. They have lobbied the administration to spare pharmaceuticals, saying that a better way to spur U.S. drug manufacturing is through tax policy.
"Most innovative medicines prescribed in America are already made in America," said Alex Schriver, a spokesman for Pharmaceutical Research and Manufacturers of America. "PhRMA companies continue to announce hundreds of billions in new U.S. investments . . . Tariffs risk those plans because every dollar spent on tariffs is a dollar that cannot be invested in American manufacturing or the development of future treatments and cures," he added.
Other tariffs Trump announced Thursday include ones on large trucks and home goods. All of them will begin Oct. 1, he said.
Heavy trucks brought from outside the U.S. will be hit with a 25% tariff, Trump said.
"Therefore, our Great Large Truck Company Manufacturers, such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others, will be protected from the onslaught of outside interruptions," he posted.
Commercial truck manufacturers rely on plants in Mexico to produce heavy-duty trucks for the U.S. market. Germany's Daimler Truck North America assembles some Freightliner-brand trucks in Mexico. Freightliner is the North America market leader in heavy-duty trucks, with about a 40% share of the market. Germany's Traton Group produces International-brand heavy-duty trucks in Mexico.
"There will be more upward price pressure from tariffs, especially on the ones manufactured in Mexico," said Kenny Vieth, a truck market analyst in Indiana
Kitchen cabinets, bathroom vanities and other similar products will get a 50% tariff, Trump said. A 30% tariff will be imposed on upholstered furniture.
The Supreme Court agreed this month to hear arguments in November on the Trump administration's bid to save its sweeping global tariffs, setting the stage for a final ruling on a cornerstone of the president's economic agenda.” [1]
1. U.S. News: Trump Sets New Tariffs on Drugs --- Companies that aren't building plants in U.S. face additional levy. Pisani, Joseph; Whyte, Liz Essley; Tita, Bob. Wall Street Journal, Eastern edition; New York, N.Y.. 26 Sep 2025: A5.
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