Trump's 100% tariffs will end China's grip on the US, senior counselor on trade says
1. Trump's tariffs aim to reduce U.S. dependency on foreign partners. 2. Pharmaceutical products face a 100% tariff unless produced in the U.S. 3. Tariffs target various imports, including heavy trucks and home goods. 4. Expect short-term price disruptions but potential for long-term growth. 5. The move is aimed at strengthening U.S. manufacturing and national security.