President Trump’s 100% tariff on imported branded pharmaceuticals is expected to hit American consumers and global drug stocks, but there are loopholes: generic drugs are excluded and there are exemptions for companies building U.

Throughout Asia, the source of about 40 percent of U.S. imports, countries have little to show for weeks of talks trying to finalize deals.

Shares in furniture retailers were falling on Friday after President Donald Trump said his administration would impose fresh tariffs on kitchen cabinets, bathroom vanities, and upholstered furniture.

President Donald Trump is back to boasting about the phantom billions of dollars he has supposedly discovered in a Treasury “tariff shelf.” Trump veered into showing off the apparently fictional fiscal bonus while admitting his tariffs are causing harm to farmers.

President Trump announced on Thursday new tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs, unless the producer is building a manufacturing plant in the US.

The Citadel CEO said when the state gets involved, "picking winners and losers," the US as a whole loses.

The majority of the sweeping tariffs President Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds.

SINGAPORE (Reuters) -Shares in Asia slid on Friday, with pharmaceutical companies hit hard after U.S. President Donald Trump unveiled a fresh round of punishing tariffs and as traders pared bets of sharp U.