On New Year's Eve, President Trump took a step back from instituting new tariffs on imported furniture and kitchen supplies. He signed a proclamation keeping a 25% tariff in place while postponing an additional 30% tariff on upholstered furniture and a staggering 50% tariff on kitchen cabinets and vanities until next year. Trump's administration has described these tariffs as a necessary measure to protect U.S. industries and bolster national security amidst ongoing trade negotiations. The decision marks another twist in Trump's ongoing trade policies, which have seen a mix of unexpected announcements and abrupt reversals.
Trump Delays Furniture Tariffs to 2024
President Trump's new proclamation holds off increased tariffs on upholstered furniture and kitchen cabinets, citing ongoing trade discussions.
In a surprising turn of events, President Trump has delayed the implementation of hefty tariffs on upholstered furniture, kitchen cabinets, and vanities for another year. Originally set to rise on January 1, the 25% tariff remains in effect for now, as Trump claims the move is to protect American industry and engage in ongoing trade negotiations. This decision adds another twist to the ongoing saga of tariffs initiated during his presidency, reflecting a fluctuating trade landscape.
