On Sept. 25, President Donald Trump announced new tariffs on heavy trucks, pharmaceuticals and select furniture and cabinetry, effective Oct. 1, 2025, pending formal issuance in the Federal Register.
As of this writing, official notices have not been published in the Federal Register, but it has been widely reported that these tariffs are likely to be levied under Section 232 of the Trade Expansion Act of 1962. Section 232 tariffs are currently in effect on steel, aluminum, copper and automobiles, with additional investigations ongoing. Section 232 has become a favored tool of the Trump administration to impose “reshoring tariffs” designed to encourage manufacturers to shift production of targeted goods from other countries back to the United States for national security-related reasons. The president’s announcements are the latest effort to revitalize domestic manufacturing across a range of strategically important industries.
Click here for the summary and analysis of the president’s statements along with some background on Section 232 investigations.
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