Trump pushes back tariff hike on furniture, kitchen cabinets by a year
President Trump put the brakes on looming tariff hikes just hours before they were set to hit as voter frustration over high prices continues to simme...
Last updated: 2026-01-02 01:57:52 ET
President Trump put the brakes on looming tariff hikes just hours before they were set to hit as voter frustration over high prices continues to simme...
A troubled U.S. housing market, coupled with fear of tariff costs passed on to inflation-weary consumers, weighed on home-furnishing stocks in 2025.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
It is the latest move by the president to walk back levies in the face of consumer frustration over the cost of living.
Prices for some everyday home items may be about to get more expensive, as U.S. tariff rates on imports of certain furniture and kitchen cabinets are ...