Trump slaps fresh US tariffs on heavy trucks, drugs and furniture

September 26, 2025 9:08 AM

Trump slaps fresh US tariffs on heavy trucks, drugs and furniture

President Donald Trump on Thursday unveiled a fresh round of punishing tariffs on a broad range of imported goods, including 100% duties on branded drugs and 25% tariffs on heavy-duty trucks, set to come into force next week. Tariffs have been a feature of Trump's second term, with sweeping duties on trading partners ranging from 10% to 50% and other targeted levies on a wide variety of products, casting a shadow over the global economic outlook and paralyzing business decision-making. The a...

A machine produces semiconductors on the production line of a semiconductor manufacturing enterprise in Binzhou, China, on January 20, 2025. Photo by Costfoto/NurPhoto via Getty Images/Files

April 15, 2025 11:57 AM

US steps up probes into pharmaceutical, chip imports, setting stage for tariffs

The Trump administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on grounds that extensive reliance on foreign production of medicine and chips is a national security threat, Federal Register filings on Monday showed. The filings announce 21-day public comment periods and mark President Donald Trump's latest use of Section 232 of the Trade Expansion Act of 1962 as justification for so-called sectoral tariffs...

Futuristic sectors like AI, Pharma, Electronics and food processing hold tremendous potential for Goa: Piyush Goyal

November 8, 2024 11:16 PM

Futuristic sectors like AI, Pharma, Electronics and food processing hold tremendous potential for Goa: Piyush Goyal

Goa’s future lies in sectors like data centres, artificial intelligence, pharmaceuticals, electronics, and food processing, according to Union Minister of Commerce and Industry Piyush Goyal. Addressing the Amazing Goa Business Summit, Goyal emphasized the state’s growing potential beyond its tourism industry. While Goa is traditionally known for its tourism, Goyal stressed that these modern, high-tech sectors can significantly boost the state’s economy. "Goa holds tremendous potential in ...