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
Jury begins deliberations in Julio Foolio's murder trial after Alicia Andrews' defense in court

Jury Deliberations Commence in High-Profile Julio Foolio Murder Trial Following Alicia Andrews’ Compelling Defense

Deliberations are underway as jurors consider the case against Alicia Andrews, one…
Where did it all go wrong for Andrew? A timeline of his downfall

Unraveling the Downfall: A Comprehensive Timeline of Andrew’s Descent

Andrew will no longer hold the title of prince and is set…
Death row inmate Stephen Bryant chooses firing squad execution after admitting to gruesome murder

Shocking Choice: Death Row Inmate Stephen Bryant Opts for Firing Squad After Confessing to Heinous Crime

A South Carolina inmate on death row, convicted over two decades ago…
Blue city perp with 50+ arrests accused of pushing stranger onto train tracks in fifth attack that day: report

Serial Offender with Over 50 Arrests Allegedly Targets Stranger in Train Track Assault Amid Urban Crime Surge

A New York City man, already known to police due to over…
Doctors' warning over $2.50 autism pill that has transformed lives

Doctors Caution Against Popular $2.50 Autism Pill Despite Life-Changing Claims

Medical professionals are raising concerns about a low-cost drug, touted as an…
Murder charges filed after 5-year-old's suspicious disappearance from his own neighborhood in Idaho

Murder Charges Laid in Wake of 5-Year-Old’s Mysterious Disappearance from Idaho Neighborhood

Idaho prosecutors have filed murder charges in connection with the disappearance of…
Filmmaker Cameron Crowe takes 'The Uncool Book Tour' to Athenaeum Center in Lakeview, Chicago; John Cusack to moderate

Cameron Crowe’s ‘The Uncool Book Tour’ Hits Chicago’s Athenaeum Center, Moderated by John Cusack

Cameron Crowe, an acclaimed Oscar-winning filmmaker and author, has just unveiled his…
FILE - Women walk down a street in the predominantly Somali neighborhood of Cedar-Riverside in Minneapolis on May 12, 2022. (AP Photo/Jessie Wardarski, File)

Refugee Community Questions Impact of White House Restrictions on America’s Future

MINNEAPOLIS (AP) — Reflecting on the past two decades, one woman recalls…