The US has introduced new tariff rates
US President Donald Trump has introduced new tariff rates to protect the country's industry. This was reported by Zamin.uz.
Starting from October 1, brand-name medicines will be subject to a 100% tariff, trucks to a 25% tariff, and kitchen appliances and soft furniture will face tariffs ranging from 30 to 50 percent. This decision has led to instability in international markets.
In Asian stock markets, shares of pharmaceutical companies have dropped significantly, while in the European market, a partial recovery was observed after an initial decline. Pharmaceutical manufacturing companies may suffer heavy losses if they have not established production in the US.
At the same time, Ireland, anticipating the new tariffs, has significantly increased its medicine exports to the US. According to experts, the new tariff rates may support the US domestic market, but there is a possibility that transportation costs and consumer prices will rise.
Additionally, market instability and price fluctuations are expected to affect consumers as well. It is emphasized that this new tariff policy may lead to changes in the economy and impact international trade relations.
