Trump says US will impose tariffs on all foreign furniture
Share and Follow


President Trump said Friday he will impose tariffs on imported furniture “within the next 50 days.”

In a post on social media, Trump said his administration will begin an investigation into furniture imports, which would lay the groundwork for imposing tariffs on those goods. He said the tax rate on imported furniture has not yet been decided.

“Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined. This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union. Thank you for your attention to this matter!,” Trump posted on Truth Social, the social media platform he owns.

Trump’s announcement is the latest twist in his ever-changing tariff agenda, which was cemented in part earlier this month with a flood of new trade pacts and import tax decisions.

The president has imposed tariffs of 15 to 20 percent on most foreign goods, with additional tariffs tacked onto foreign steel, aluminum, autos and autos parts, some electronics and appliances.

The net result of Trump’s moves has boosted the average tariff paid by U.S. businesses and importers to 18 percent, the highest level in several decades, while shaking the global economy.

The Trump administration has touted a surge in tariff revenue taxes paid to the federal government by U.S. firms and individuals while mocking the scores of economists who expected the president’s trade agenda to cause a recession.

Even so, Trump’s tariffs are one of several factors weighing on U.S. businesses, which have hired fewer workers and charged higher prices gradually over the past year.

Developing

Share and Follow
You May Also Like
Reports: 32-year-old doctor, mother found dead inside Florida Dollar Tree freezer

Tragic Discovery: 32-Year-Old Doctor and Mother Found Deceased in Florida Dollar Tree Freezer

A GoFundMe campaign, initiated by the family of the woman, reveals that…
Donald Trump has filed his $10BILLION lawsuit against the BBC

Donald Trump Initiates $10 Billion Legal Action Against BBC

Donald Trump has initiated a $10 billion lawsuit against the BBC, following…
Bungling cops scramble to find at-large Brown University killer

Manhunt Intensifies: Brown University Murder Suspect Remains Elusive

Authorities are facing increasing pressure to apprehend an ‘organized’ suspect who remains…
‘We warned them’ Jewish leader says after Bondi Beach terror attack that kills 15

Jewish Leader Voices Concerns Following Fatal Bondi Beach Terror Attack: 15 Lives Lost

Following a tragic terrorist attack during a Hanukkah celebration at Sydney’s iconic…
Trump says he is 'considering' marijuana reclassification

Trump Weighs Changes to Marijuana Classification

President Trump announced on Monday that his administration is actively “considering” the…
Melissa Webb assembles an artificial Christmas tree at Lee Display

Why Americans Are Choosing Imported Artificial Christmas Trees Despite Rising Costs

On a chilly December day, Mark Latino and his dedicated team were…
Jewish community in Jacksonville mourns victims of attack in Australia amid holiday celebrations

Jacksonville’s Jewish Community Honors Australian Attack Victims During Holiday Observance

Rabbi Schmuli Novack from the Chabad of Jacksonville Town Center finds himself…
JetBlue pilot calls Air Force near-miss 'outrageous' after tanker crosses flight path

JetBlue Pilot Criticizes Air Force for ‘Outrageous’ Near-Miss as Tanker Intersects Flight Path

A JetBlue aircraft had a close call with a U.S. Air Force…