Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Donald Trump announced a barrage of new tariffs on Thursday, aimed at pharmaceuticals, heavy trucks and home furnishings in particular, to shore up domestic industry in these sectors, and protect American manufacturers from “unfair outside competition.” Large Scale ‘Flooding’ of Products Into The U.S. The administration announced a 100% tariff on all imported branded or patented pharmaceuticals, ...