The Port of Long Beach, California viewed from a distance
US president Trump has imposed a new set of tariffs invoking “national security” on a range of products including branded and patented pharmaceuticals, heavy trucks, furniture and kitchen cabinets and bathroom vanities.
From October 1, a 25 percent tariff will be imposed on heavy trucks, a levy of 30 percent on upholstered furniture and 50 percent impost of kitchen cabinets and bathroom vanities.
The tariff on pharmaceutical products, which will not cover generic drugs, will be 100 percent with companies possibly able to secure an exemption if they are they “building their pharmaceutical manufacturing plant in America” according to a Trump social media post.
The post said there would be no tariff imposed if construction had started.
The personalised character of decision-making in the Trump regime was illustrated by the…
