Market Update: $TRUMP Announces New Tariffs
A new round of U.S. tariffs is scheduled to begin on October 1st, sparking immediate market reactions.
Key measures include:
100% tariff on branded and pharmaceutical products (except U.S.-made)
30% tariff on upholstered furniture
25% tariff on heavy trucks
Additional duties on kitchen cabinets, bathroom vanities, and related imports
Market Implications:
The changes could tighten global supply chains, add upward pressure on inflation, and drive volatility across sectors. Analysts note that while near-term disruptions are likely, the long-term outcome could shape a stronger domestic manufacturing base in the U.S.
