Donald Trump has revealed a fresh round of trade tariffs on several key sectors, with the most punitive rate likely to affect UK businesses.
The US president used his Truth Social account last night to confirm that a new 100% tariff would apply to any branded or patented pharmaceutical product from 1 October.
He said that to escape the clutches of that duty, a company must have already broken ground on a new US factory.
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From the same date, a 50% tariff would be applied to all imported kitchen and bathroom cabinets while upholstered furniture faced a 30% rate.
A 25% tariff faced shipments of heavy trucks.
The president did not confirm whether the duties would be lower for nations to have agreed trade deals with his administration, including the UK and European Union.
Each faces a blanket 10% and 15% rate on their exports respectively at the moment.
