President Trump plans to impose significant import taxes on pharmaceuticals, furniture, and heavy trucks starting October 1, aiming to boost domestic manufacturing.

On September 26, 2025, President Trump declared new import taxes set to take effect on October 1, including a 100% tariff on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy trucks. This move reflects Trump's ongoing commitment to tariffs as a means to bolster domestic manufacturing and reduce the budget deficit. However, the announcement has raised concerns about potential price hikes for consumers and the overall impact on the economy, particularly in light of existing inflation pressures. Critics, including economic experts, warn that these tariffs could lead to increased healthcare costs and further strain insurance systems. The tariffs are also seen as a potential threat to job growth, with recent data indicating job losses in manufacturing and construction. Despite these warnings, Trump maintains that tariffs are essential for protecting American industries and has promised to support farmers affected by retaliatory measures from trading partners.