Trump announces 100% tariffs on pharmaceuticals unless drug makers are building U.S. factories
1. Trump announced new tariffs on pharmaceuticals to protect U.S. manufacturing jobs. 2. Inflation concerns may resurface due to healthcare price hikes from tariffs. 3. U.S. GDP grew 3.8%, showing strong consumer activity before tariffs. 4. Manufacturing jobs decreased by 42,000 since April despite tariff efforts. 5. Fed Chair Powell remains cautious about long-term inflation impact of tariffs.