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president donald trump card Signed a New Year’s Eve proclamation delaying increased tariffs on upholstered furniture, kitchen cabinets and dressers for a year, citing ongoing trade negotiations.
The order signed by Trump on Wednesday retains the 25% tariffs he imposed on those goods in September, but delays the 30% tariffs on upholstered furniture and the 50% tariffs on kitchen cabinets and dressers for another year.
The price increase is scheduled to take effect on January 1. republican The president has imposed widespread taxes on imported goods to address trade imbalances and other problems.
President says tariffs on furniture are needed to ‘support American industrial development and protection of national security. “
The delay is the latest in Trump’s tariff war since he returned to office last year, with the president sometimes announcing tariffs without warning and then abruptly delaying or withdrawing them.