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.

Shares of Williams-Sonoma and RH fell in early trading, while U.S.-based makers like Ethan Allen rose after the president’s latest tariff announcement.

Brazil coffee exports to the United States will decline further if U.S. tariffs remain in place, Marcio Ferreira, the head of exporter group Cecafe said, adding the industry was pleased by warming relations between the leaders of the two countries.

President Donald Trump’s new tariffs on pharmaceutical imports will not apply to countries with negotiated agreements with the US that contain provisions on drugs, according to a White House official,

Americans ramped up their spending in August; however, their costs of living were on the rise as food and other goods became even more expensive last month and services prices remained stubbornly high.

The South Korean economy has hit a precarious stage, with its future largely dependent on hat happens with tariffs placed on imports by the United States.

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