https://www.taxtmi.com/news?id=56996 Announcement of new import tariffs applies differentiated duties to pharmaceuticals, kitchen cabinets and bathroom vanities, upholstered furniture, and heavy trucks effective October 1, with a carve out exempting pharmaceutical imports when manufacturers are "building manufacturing plants in the United States" (defined by construction activity); stated aims include reducing the federal deficit, promoting domestic manufacturing, and invoking national security and competitive injury rationales, while acknowledging risks of inflation and increased supply chain uncertainty. en-us Fri, 26 Sep 2025 05:31:03 +0530 Fri, 26 Sep 2025 05:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56996 Announcement of new import tariffs applies differentiated duties to pharmaceuticals, kitchen cabinets and bathroom vanities, upholstered furniture, and heavy trucks effective October 1, with a carve out exempting pharmaceutical imports when manufacturers are "building manufacturing plants in the United States" (defined by construction activity); stated aims include reducing the federal deficit, promoting domestic manufacturing, and invoking national security and competitive injury rationales, while acknowledging risks of inflation and increased supply chain uncertainty. News - Fri, 26 Sep 2025 05:31:03 +0530 https://www.taxtmi.com/news?id=56996