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Trump delays tariff hikes for imported furniture by 1 year
President Trump signed a proclamation Wednesday to delay increases in U.S. tariffs for imported upholstered furniture, kitchen cabinets and vanities for one year. “Given the ongoing productive negotiations regarding the imports of wood products, the President is delaying the tariff increase to allow for further negotiations to occur with other countries,” reads a fact sheet from the White House explaining the decision to pause the tariff hikes. The U.S. imposes a 25 percent tariff on those items and was expected to increase that rate beginning Jan. 1. Kitchen cabinets and vanities were expected to see a 50 ... (full story)
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WHITE HOUSE- PRESIDENT TRUMP SIGNED A PROCLAMATION TO DELAY INCREASES IN TARIFFS FOR UPHOLSTERED FURNITURE, KITCHEN CABINETS, AND VANITIES FOR ANOTHER YEAR
President Donald Trump has eased pressure on two key import sectors furniture and pasta by delaying or scaling back steep tariffs shortly before they were due to take effect on 1 January, 2026. For furniture, Trump has postponed planned tariff increases on certain imported home goods for one year, keeping existing duties in place while allowing further ...