Trump delays increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year
WASHINGTON (AP) — President Donald Trump signed a memorandum postponing New Year’s Eve celebrations Increased tariffs on upholstered furnitureReferring to ongoing commercial negotiations, we reached a one-year agreement for kitchen cabinets and vanity tables.
The order Trump signed Wednesday keeps in place the 25 percent tariffs he imposed on those goods in September, but delays for another year the 30 percent tariffs on upholstered furniture and the 50 percent on kitchen cabinets and vanities.
The increases, scheduled to take effect Jan. 1, come as the Republican president imposes a broad range of taxes on imported goods to address trade imbalances and other problems.
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The president said the tariffs on furniture were necessary to “support American industry and protect national security.”
The delay has been lately Roller coaster of Trump’s tariff wars Since returning to office last year, the president has at times been seen announcing taxes without warning and then delaying or abruptly withdrawing them.
