Trump slaps 100% tariff on pharmaceuticals with kitchen cabinets, furniture and heavy trucks also hit with levies

President Donald Trump says he will introduce a 100 percent tariff on imported pharmaceuticals, as well as a 50 percent tariff on kitchen and bathroom cabinets, a 30 percent levy on upholstered furniture, and a 30 percent levy on heavy trucks.

The new import taxes are scheduled to come into effect on October 1.