Trump postpones large-scale tariffs on furniture
TL;DR
Trump delays 30% tariffs on upholstered furniture and 50% tariffs on cabinets and bathroom vanities until 2027, citing ongoing trade negotiations to benefit U.S. consumers and businesses.
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[Trump Delays Significant Tariffs on Furniture] According to Mars Finance, on January 2nd, US President Trump signed a proclamation on New Year's Eve, citing ongoing trade negotiations, to postpone tariffs on upholstered furniture, cabinets, and bathroom vanities for one year, providing a buffer for American home furnishing consumers and businesses. The executive order signed by Trump on Wednesday retained the 25% tariffs he imposed on these goods last September, but postponed the 30% tariffs on upholstered furniture and the 50% tariffs on cabinets and bathroom vanities for another year, until January 1, 2027. (Jinshi)