Trump delays increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year

President Donald Trump signed a New Year’s Eve proclamation delaying increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year, citing ongoing trade talks

WASHINGTON — President Donald Trump signed a New Year’s Eve proclamation delaying increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year, citing ongoing trade talks.

Trump’s order signed Wednesday keeps in place a 25% tariff he imposed in September on those goods, but delays for another year a 30% tariff on upholstered furniture and 50% tariff on kitchen cabinets and vanities.

The increases, which were set to take effect Jan. 1, come as the Republican president instituted a broad swath of taxes on imported goods to address trade imbalances and other issues.

The president has said the tariffs on furniture are needed to “bolster American industry and protect national security.”

The delay is the latest in the roller coaster of Trump’s tariffs wars since he returned to office last year, with the president announcing levies at times without warning and then delaying or pulling back from them just as abruptly.

Source link

  • Related Posts

    Ford recalls nearly 1.4 million pickup trucks due to gearshift issue

    Ford Motor Company is recalling nearly 1.4 million F-150 pickup trucks due to a gearshift issue that can increase the risk of a crash, according to a notice from the…

    Judge rejects DOJ effort to get sensitive voter information from Rhode Island

    Washington — A federal judge on Friday rejected the Justice Department’s effort to force Rhode Island to turn over sensitive voter information, dealing another blow to the Trump administration’s attempts…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Ford recalls nearly 1.4 million pickup trucks due to gearshift issue
    Judge rejects DOJ effort to get sensitive voter information from Rhode Island
    Mount Holyoke’s corpse flower blooms again, drawing crowds to its ‘rotting flesh’ stench
    White House eyes alleged Utah scandal as GOP frets about redistricting loss
    University of Michigan’s next president has brain cancer so won’t take job
    A Venezuelan doctor in ICE custody misses husband’s asylum interview after being detained at airport