CNBC Daily Open: Trump's new tariffs on drugs and trucks — and bathroom vanities
Tariffs for drugs, trucks and kitchen cabinets begin Oct. 1. Coincidentally, that's the opening date for "Mad Max: The Pills in Your Cabinet." (Not a real movie.)
Koichiko
U.S. President Donald Trump gestures as he takes questions from the press after signing an executive order on a deal that would divest TikTok's U.S. operations from ByteDance from its Chinese owner ByteDance, at the White House in Washington, D.C., U.S., Sept. 25, 2025.
Kevin Lamarque | Reuters
A foreign-made heavy truck crosses the U.S. border, the low, menacing rumble of its engine sounding like a ravenous predator. But it's more prey than hunter, for it carries in its body forbidden goods: medicine. Spotting no guards, the driver urges the truck forward cautiously under the cover of the night.
That scene has completely no relation to developments happening in America.
In other news, President Donald Trump announced Thursday stateside that imports to the U.S. of pharmaceutical products, if "branded or patented," will incur a 100% tariff. However, if the company is building a drug manufacturing plant in the U.S., its products will be exempted from those duties.
Trump also said the U.S. will impose a 25% tariff on "Heavy (Big!)" trucks and 50% levies on "all Kitchen Cabinets, Bathroom Vanities, and associated products."
The above charges will begin Oct. 1. Coincidentally, it seems like that's the opening date for the new movie, "Mad Max: The Pills in Your Cabinet." (Not a real movie.)
What you need to know today
And finally...
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.
Nurphoto | Nurphoto | Getty Images
