In brief
President Donald Trump has signed a proclamation that delays significant tariff increases on upholstered furniture, kitchen cabinets, and vanities for an additional year, maintaining a 25% tariff already in place. The new taxes were originally set to take effect on January 1, but will now be postponed as the president emphasizes the need for ongoing trade negotiations and the protection of American industry. This delay continues the trend of Trump's fluctuating tariff policies since returning to office, further impacting international trade relations.
WASHINGTON (AP) — 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.
