White House: Latest drug tariffs do not apply to countries that have reached trade agreements with the US

According to a report by Jinse Finance, citing CCTV News, the White House stated on September 26 local time that the latest tariff measures on pharmaceuticals do not apply to countries that have already reached trade agreements with the United States. According to Reuters, White House officials said that for trade partners such as the European Union and Japan, the United States will continue to abide by the 15% tariff cap stipulated in the agreements. On September 25, U.S. President Trump announced on his social media platform "Truth Social" that starting October 1, the United States will implement a new round of high tariffs on various imported products. The measures include: a 50% tariff on kitchen cabinets, bathroom vanities, and related building materials; a 30% tariff on imported furniture; and a 100% tariff on patented and branded pharmaceuticals.