WASHINGTON (AP) — In a significant New Year’s Eve proclamation, President Donald Trump has opted to delay increased tariffs on upholstered furniture, kitchen cabinets, and vanities for an additional year, linking this decision to ongoing trade negotiations. The proclamation, signed on Wednesday, keeps the existing 25% tariffs in place, while also postponing the expected hikes to 30% for upholstered furniture and 50% for kitchen cabinets and vanities. These increases had been scheduled to take effect on January 1, as part of Trump's broader strategy to impose tariffs on imported goods aimed at correcting trade imbalances. The president has claimed that these tariffs are essential for bolstering American industries and ensuring national security. This delay adds to the unpredictability of Trump's tariff policies, which have undergone numerous changes since he assumed office last year, with the administration frequently altering tax rates on goods without prior notice.
Trump Delays Tariff Increases on Furniture and Cabinets
President Trump has signed a proclamation extending the current tariffs on upholstered furniture, kitchen cabinets, and vanities, delaying the sharp increases planned for January 1st. The administration cites ongoing trade negotiations as the reason for the postponement.
In a New Year's Eve decision, President Donald Trump postponed increased tariffs on upholstered furniture and kitchen cabinets set to take effect on January 1. The current 25% tariff remains in place for another year, while future increases of 30% and 50% for these goods have been delayed amidst ongoing trade discussions. This marks another twist in Trump's tariff strategy, as he seeks to protect American industries and address trade imbalances.
