A shock to global markets .. Trump announces a new round of fees

US President Donald Trump announced yesterday evening, Thursday, a new package of customs duties on a large number of imported goods, which included imposing 100 % fees on branded drugs, and 25 % on heavy trucks, provided that it comes into effect next week.

These procedures come within the Trump customs policies that distinguished his second term, which included fees ranging between 10 and 50 % on diverse commercial partners, which raised concerns about its impact on the global economy and the business sector. The “Truth Social” platform also mentioned that these fees also include kitchens with 50 %, bathroom treasures, and 30 % on upholstered furniture, to all apply from the time. From the beginning of October. Trump explained that the aim of these fees is to reduce the flow of these products to the United States from abroad. These decisions sparked rapid reactions in the Asian markets, as the shares of pharmaceutical companies decreased after the announcement of the fees. Experts also considered that these procedures reflect the Trump administration’s transformation towards legalizing customs duties legally, in light of cases pending before the Supreme Court regarding the legitimacy of previous fees. Trump confirmed that the 100 % fees on medicines will be applied to all imports unless companies already start building factories in the United States, which reflects the administration’s focus on promoting local production and reducing dependence on imports.