Trump Delays Steep Tariffs on Furniture

BlockBeats News, January 2nd, U.S. President Trump signed a proclamation on New Year's Eve to delay tariffs on upholstered furniture, cabinets, and bathroom cabinets for one year based on ongoing trade negotiations, providing a buffer for American home consumers and businesses.

The executive order signed by Trump on Wednesday retained the 25% tariffs imposed on these goods last September but further delayed the 30% tariff on upholstered furniture and the 50% tariff on cabinets and bathroom cabinets for another year, until January 1, 2027. (Golden Finance)