On September 25, 2025, the U.S. administration under President Trump announced a significant expansion of import tariffs, set to take effect on October 1, 2025.
These measures build on prior trade actions and target key sectors including consumer goods, industrial equipment, and pharmaceuticals. While the pharmaceutical tariffs (up to 100%) include exemptions for U.S.-based manufacturing and may have limited relevance for many of our clients, the duties on furniture, cabinets, and heavy trucks—primarily sourced from Asia—pose immediate challenges for importers and exporters alike.
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