US President Donald Trump said on Thursday that his administration will begin enforcing new import tariffs from October 1, with the highest levy being a 100% tariff on any branded or patented pharmaceutical products imported into the United States.

The measures include a 100% duty on pharmaceutical drugs, 50% on kitchen cabinets, bathroom vanities, and related products, 30% on upholstered furniture, and 25% on heavy trucks, with the latter intended to shield American truck manufacturers such as Peterbilt, Kenworth, Freightliner, and Mack Trucks from international competition. The move could impact India’s pharmaceutical sector, which supplies nearly 20% of global demand and exports about $ 11 billion worth of pharma products to the U.S. annually.

Companies that are building a pharmaceutical manufacturing plant in America, defined as either “breaking ground” or “under construction,” will be exempt from this tariff. The tariff is aimed at encouraging domestic production and protecting national security and the financial health of the country.

Explaining the move, Trump said the tariffs are designed to boost domestic manufacturing and cut the federal budget deficit. He argued that foreign producers are “flooding” the American market with cheap goods, especially trucks and furniture, which he claimed are putting US companies at risk.

Trump clarified that the 100% tariff on drugs will not apply to firms investing in new US production plants. He said this covers facilities that are either “breaking ground” or “under construction.”

Supporters of the plan see it as protection for local industries, but many economists caution that the higher import costs could feed inflation and slow down economic growth. They warn that companies already coping with earlier rounds of tariffs may face even more uncertainty.

The tariff announcement came as the administration also weighed in on the indictment of former FBI Director James Comey by a federal grand jury.

Attorney General Pam Bondi commented, “No one is above the law,” and stressed that the Justice Department would hold officials to account if they mislead the public.

Comey, who led the FBI’s 2016 inquiry into Russian interference in the US presidential election, has been charged with giving false statements and obstruction of justice, according to Axios.