Trump Delays Furniture Tariffs for One Year

US President Donald Trump has decided to postpone the increase in tariffs on certain imported furniture for one year, just hours before the measure was scheduled to take effect. The tariff increase, which could have reached 50%, is now postponed until January 1, 2027. The decision was made due to ongoing negotiations with other countries regarding wood product imports. The White House stated that the delay will allow time for further talks and find a more sustainable solution. The initial decision to raise tariffs had caused concern in the US market, as the United States relies heavily on furniture imports from countries such as China, Mexico, and Vietnam. The delay is expected to provide temporary relief to businesses in the industry. However, uncertainty about the future of tariffs remains, and businesses are urged to closely monitor developments in the negotiations. The final decision on tariffs will have significant implications for furniture trade between the US and other countries. Overall, the delay offers a temporary reprieve but leaves the long-term outlook for furniture tariffs unresolved.