Trump Finds New Trade Targets - Pharmaceuticals, Kitchen Cabinets and Heavy Trucks

In an article originally published by the Associated Press, Charles Clevenger was quoted on President Trump’s recent announcement of new tariffs, including 100% on pharmaceuticals, 50% on kitchen cabinets and bathroom vanities, and 25% on heavy trucks. These tariffs, set to take effect immediately, continue broader efforts to reshape U.S. trade policy and revitalize domestic manufacturing. His contribution was shared as follows:

Charles Clevenger, a supply chain specialist at UHY, shared his thoughts, saying: Tariffs on pharmaceuticals make sense because so much production has shifted away from the United States to Europe and Asia. Likewise, North Carolina and other states in the American South have also lost furniture factories to cheaper competitors in China.

But he was surprised by the tariffs on heavy trucks because “we do have a rather robust industry’’ – with manufacturers like Paccar (parent company of Peterbilt and Kenworth).

Read the full article published by APNews.