{"id":119281,"date":"2025-09-26T15:13:22","date_gmt":"2025-09-26T11:13:22","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=119281"},"modified":"2025-09-26T15:13:24","modified_gmt":"2025-09-26T11:13:24","slug":"trump-administration-asks-federal-court-to-waive-order-concerning-fed-governor-lisa-cook-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/trump-administration-asks-federal-court-to-waive-order-concerning-fed-governor-lisa-cook-2\/09\/26\/market-updates\/","title":{"rendered":"Trump Administration Asks Federal Court to Waive Order Concerning Fed Governor Lisa Cook"},"content":{"rendered":"\n

Trump\u2019s Tariff Shockwaves: Pharma, Trucks, and Global Trade on Edge<\/h3>\n\n\n\n

U.S. President Donald Trump announced sweeping new tariffs<\/strong> on Thursday, with headline measures including 100% duties on branded pharmaceuticals<\/strong> and 25% levies on heavy-duty trucks<\/strong>, set to take effect next week. The move adds to an already aggressive trade policy agenda, as the administration seeks to bolster U.S. manufacturing and protect national security.<\/p>\n\n\n\n

Market Reaction: Mixed, With Pharma Under Pressure<\/h3>\n\n\n\n
    \n
  • Asian stocks slid<\/strong>, particularly pharmaceutical companies, on fears that the new tariffs would hit global supply chains and increase costs.<\/li>\n\n\n\n
  • European equities<\/strong>, meanwhile, recovered from early losses, as investors awaited clarity on whether the levies will overlap with existing tariff ceilings outlined in recent trade deals.<\/li>\n\n\n\n
  • The uncertainty comes as companies and investors grapple with soaring costs, supply chain snarls, and weaker consumer demand<\/strong> amid the ongoing trade war.<\/li>\n<\/ul>\n\n\n\n

    Trade Deals & Tariff Confusion<\/h3>\n\n\n\n

    Trump\u2019s post on Truth Social did not specify<\/strong> whether the new tariffs are additional to existing duties.<\/p>\n\n\n\n

      \n
    • The EU and U.S. recently signed a preliminary trade deal<\/strong> that caps tariffs at 15% for certain products, including pharmaceuticals. The European Commission stressed that the deal was \u201cclear\u201d in limiting tariffs \u2014 calling it an \u201cinsurance policy\u201d<\/em> against higher duties.<\/li>\n\n\n\n
    • Japan said its trade agreement includes a guarantee that its tariff rates will not exceed those of other major partners.<\/li>\n<\/ul>\n\n\n\n

      This lack of clarity has heightened concerns in global markets about potential conflicts between Trump\u2019s announcement and binding international agreements.<\/p>\n\n\n\n

      \n\n\n\n

      Pharmaceutical Industry Braces<\/h3>\n\n\n\n

      Trump clarified that the 100% tariffs will only apply to drugmakers without U.S. manufacturing plants<\/strong>. This exemption has spared several pharmaceutical giants that have announced major domestic investments:<\/p>\n\n\n\n

        \n
      • Roche<\/strong> confirmed one of its U.S. units recently broke ground on a new facility.<\/li>\n\n\n\n
      • Novartis<\/strong> has pledged billions in U.S. investments, though it declined to comment on Thursday\u2019s announcement.<\/li>\n\n\n\n
      • PhRMA<\/strong>, the main U.S. industry group, warned that new tariffs \u201crisk undermining\u201d hundreds of billions in planned investments<\/strong>.<\/li>\n<\/ul>\n\n\n\n

        Meanwhile, Ireland \u2014 home to a large concentration of U.S.-owned pharmaceutical factories \u2014 saw exports of chemical and pharmaceutical products surge 536% YoY<\/strong> in the first seven months of 2025, as companies frontloaded shipments to the U.S.<\/strong> in anticipation of Trump\u2019s move.<\/p>\n\n\n\n

        Global Outlook: Growth and Inflation at Risk<\/h3>\n\n\n\n

        For investors, uncertainty over the scope, duration, and enforcement<\/strong> of these measures is likely to fuel volatility across equities, currencies, and supply-chain-sensitive commodities.<\/p>\n\n\n\n

        Trump\u2019s tariffs are the latest shock to global growth<\/strong>, with the Federal Reserve previously warning that they contribute to higher consumer prices in the U.S.<\/strong><\/p>\n\n\n\n

        For Europe, Japan, and Switzerland, the risk now lies in whether tariff exemptions hold under existing agreements, or if a prolonged trade fight escalates.<\/p>\n","protected":false},"excerpt":{"rendered":"

        Trump\u2019s Tariff Shockwaves: Pharma, Trucks, and Global Trade on Edge U.S. President Donald Trump announced sweeping new tariffs on Thursday, with headline measures including 100% duties on branded pharmaceuticals and 25% levies on heavy-duty trucks, set to take effect next week. The move adds to an already aggressive trade policy agenda, as the administration seeks …<\/p>\n","protected":false},"author":9,"featured_media":32800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-119281","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119281"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119281\/revisions"}],"predecessor-version":[{"id":119282,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119281\/revisions\/119282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32800"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}