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Fortune

Michelle L. Price, The Associated Press

Trump retreats on tariffs again, now on furniture, kitchen cabinets and vanities

Donald Trump Coldiretti United States

trump (Credit: AP Photo/Alex Brandon)

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.

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