Trump delays increased tariffs on upholstered furniture, kitchen cabinets and vanities

"WASHINGTON -- President Donald Trump signed a New Year's Eve proclamation delaying increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year, citing ongoing trade talks. Trump's order, signed Wednesday, keeps in place a 25% tariff he imposed in September on those goods, but delays for another year a 30% tariff on upholstered furniture and 50% tariff on kitchen cabinets and vanities."

"The president has said the tariffs on furniture are needed to "bolster American industry and protect national security." The delay is the latest in the roller coaster of Trump's tariff wars since he returned to office last year, with the president announcing levies at times without warning and then delaying or pulling back from them just as abruptly."

A New Year's Eve proclamation delays planned tariff increases on upholstered furniture, kitchen cabinets, and vanities for one year, keeping an existing 25% tariff in place. The deferred increases would have raised tariffs to 30% on upholstered furniture and 50% on kitchen cabinets and vanities, and were scheduled to take effect Jan. 1. The tariff measures are part of broader import taxes intended to address trade imbalances and related issues. The furniture tariffs are described as measures to bolster American industry and protect national security. Tariff policies have featured abrupt announcements, delays, and reversals since the return to office last year.

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