Trump announced the new tariffs on pharmaceutical drugs, kitchen and bathroom cabinets, upholstered furniture and heavy trucks in three separate posts on Truth Social. Trump has long argued that tariffs are needed to bring in more revenue for the United States, despite experts warning it will drive up costs for Americans.

Drugmakers have been bracing for levies and sought to get ahead of them with pledges to invest billions more on domestic manufacturing.

China has opened an investigation into whether import tariffs being imposed by Mexico are a trade and investment barrier. Mexico plans to impose taxes as high as 50% on

The bailout would simply redistribute wealth from American businesses and consumers to farmers. Here's a better idea: end the tariffs.

The Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each device, according to three people familiar with the matter, as it seeks to drive companies to shift their manufacturing to the United States.

The president’s tariffs on foreign drugs and furniture rely on national security laws outside the scope of current lawsuits.

There remains uncertainly about costs to the consumer. But Trump’s tariffs are not a one-off event, and the effect on inflation may take time to materialize.

President Trump unveiled 100% tariffs on pharmaceuticals. The tariffs, however, only apply to patented or branded drugs and those made by companies that aren't building plants in the U.S. Shares of ph