"Announcing his latest wave of tariffs on goods from overseas a 50% levy on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture, to be enforced next month Trump once again cited the top priority of any president. On his social media platform, Trump alleged that foreign firms are FLOODING the US with such products, and added: It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process."
"Experts are scratching their heads. It is difficult to see how some of the products subject to tariffs have anything to do with national security, even broadly defined, said Eswar Prasad, a professor of trade policy at Cornell University, and a former official at the International Monetary Fund. And while the president has presented these latest tariffs as a defense of US industry, the US industry in question is not immediately celebrating news of these incoming protections."
"The National Kitchen and Bath Association represents US designers, builders, remodelers, manufacturers, dealers, and retailers. Bill Darcy, its global president and CEO, said the sector was carefully reviewing the implications of the tariffs, vowing to continue to support and identify areas for continued success with our manufacturing partners across the globe. The cabinets, vanities and furniture tariffs are set to be imposed under section 232, a provision of a national security law, through which the president can order an investigation and ultimately impose tariffs bypassing Congress, despite its constitutional authority if certain imports are deemed to threaten national security."
President Trump announced tariffs of 50% on kitchen cabinets and bathroom vanities and 30% on upholstered furniture to be enforced next month. The announcement cited national security and alleged that foreign firms are flooding the US market. Trade experts, including Eswar Prasad, say many of the targeted products do not clearly relate to national security. Industry groups such as the National Kitchen and Bath Association are reviewing the implications and are not uniformly celebrating the protections. The tariffs are to be imposed under section 232, allowing the president to impose tariffs bypassing Congress if imports are deemed to threaten national security.
Read at www.theguardian.com
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