Trump's new duties: from trucks to medicines

Donald Trump announced the introduction of new duties affecting heavy trucks and a number of other categories of goods. These measures are aimed at supporting national production by increasing import tariffs. 

Starting from October 1, 2025, a duty of 25% will be imposed on heavy trucks, 30% on upholstered furniture, and 50% on kitchen cabinets and bathroom cabinets. These initiatives complement an existing program that covers a wide range of products, including steel, aluminum, pharmaceuticals, electronics, and robotics.

In addition, starting from October 1, a 100% duty will be imposed on branded and patented medicines if their manufacturers do not place production in the United States. Tariffs will not be applied for companies starting to build factories in the country. 

Against the background of these statements, negative changes in the stock market were recorded. On Friday, trading sessions led to a drop in shares of Asian pharmaceutical corporations, which was reflected in the Topix Pharma Index, which fell by 1.47%.