The biggest tax will be 100% for pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture and 25% on heavy trucks starting on Oct. 1. The President said he hopes the tariffs will help reduce the government’s budget deficit while attempting to increase domestic manufacturing.

To date, the Trump Administration has mostly excluded prescription drugs from tariffs. However in August, President Trump proposed a “small” initial tariff on pharmaceuticals, to rise to 150% within 18 months before jumping to 250% according to Reuters.

President Donald Trump announced new tariffs on cabinets, saying he wants to bring furniture businesses back to the Carolinas and Michigan.

Analysts believe Indian pharma companies, primarily focused on generics, will largely avoid impact due to the tariffs being aimed at branded drugs

From the start of October, imported branded drugs will face a steep 100 per cent duty, while heavy-duty trucks will carry a 25 per cent tariff.

Passport reports e-commerce brands can reclaim up to 99% of duties through duty drawback, crucial as tariffs rise, impacting profit margins.

Newly imposed tariffs may began to impact construction and housing across campus, possibly delaying projects or residence halls.

Grocery prices are on the rise – in part due to inflation and tariffs – and relief does not appear to be coming anytime soon. Food prices at grocery stores rose by 0.6% from July to August, the fastest monthly rate change for groceries since October of 2022, according to the latest consumer price index from the U.S. Bureau of Labor Statistics.

India's diamond and jewellery sector seeks government intervention to absorb the shock of U.S. tariffs affecting exports and jobs.