Business News of Tuesday, 30 September 2025

Source: www.ghanaweb.com

5 major items targeted by Trump's new tariffs starting October 1

US President, Donald Trump US President, Donald Trump

The Trump administration is set to implement a new wave of tariffs targeting five key foreign imports, effective October 1, 2025.

President Donald Trump, upon assuming office in January 2025, had already imposed initial tariffs on select imports.

These new levies are part of his continued "America First" policy, aimed at reshoring manufacturing and protecting U.S. industries.

While most of the targeted goods are not directly exported by Ghana, the ripple effects could impact Ghanaian exporters, investors, and trade policy more significantly than expected.

Here's a breakdown of five major tariffed items and what they could mean for Ghana:

1. Branded Pharmaceuticals – 100% tariff

All non-US-produced branded medicines will now face a 100% import tax. Ghana imports many essential medicines from US and global pharmaceutical suppliers. Rising US drug prices may affect global pricing and supply chains, including regional re-exports.

This directive could limit Ghana’s access to affordable US-produced generics and increase reliance on European and Asian suppliers.

2. Heavy-Duty Trucks – 25% tariff

Foreign-made heavy trucks will now be subject to a 25% tariff. This could raise domestic truck prices in the US and affect the resale market, including second-hand vehicle exports to Africa. Ghana’s construction and logistics sectors, which often depend on imported US trucks, may face higher costs in the medium term.

Donald Trump places 25% tariff on furniture and cabinets

3. Kitchen Cabinets & Bathroom Vanities – up to 50% tariff

Imported wooden cabinetry and vanities will face tariffs of up to 50%. Ghana’s wood furniture and cabinetry export sector, particularly small-scale manufacturers targeting the US market, may struggle to compete or gain entry. This could erode any future cost advantage for Ghanaian furniture exports if tariffs are extended to African suppliers.

4. Upholstered Furniture – 25% to 50% tariffs

High tariffs will be imposed on sofas, chairs, and other upholstered items starting October 1, 2025. Ghana’s emerging home décor and handicraft industry may suffer if future expansions into US markets are met with similar duties. These measures could also disrupt raw material flows, such as foam, textiles, and leather, which are commonly sourced globally for upholstery.

5. Lumber & Wood Products – 10% tariff

A new 10% tariff on lumber imports will affect wood and wood-based items. Ghana’s timber exports to the U.S. could face competitive disadvantages.

Although Ghana is not directly targeted by these tariffs, the broader impact is likely to be felt. Ghanaian exporters may bear the brunt, especially amid ongoing uncertainties surrounding the future of the African Growth and Opportunity Act (AGOA).

SP/MA

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