In a significant trade move, former President Trump has announced a series of new tariffs impacting various industries. A 10% tariff on lumber and a 25% tariff on furniture, including kitchen cabinets, have been implemented as part of a national security investigation. Additionally, a steep 100% tariff on imported pharmaceuticals is set to take effect, raising concerns about increased costs for consumers. Experts warn that these tariffs could exacerbate the ongoing housing crisis and significantly inflate consumer prices for furniture and medications. The tariffs aim to reduce reliance on imports and reshape supply chain strategies, though they have led to turmoil in the home-goods sector. Companies like Ikea are responding to these changes, while investors in the pharmaceutical industry face uncertainty ahead of the new regulations.