Trump delays tariffs on furniture, cabinets
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Steep import taxes have raised prices and affected U.S. businesses, but not quite as much as expected. A new report offers some reasons.
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President Donald Trump made a lot of tariff threats and trade promises this year. And while many led to a barrage of new import taxes that overturned decades of economic policy and plunged the U.S. into trade wars abroad,
The White House said it was delaying the higher tariffs until Jan. 1, 2027, due to ongoing trade talks, not because it was retreating from its tariff agenda.
Tariffs impacted a sausage manufacturer, brewery, and several retail shops and specialty grocery stores in the area this year.
The three-year measure, effective January 1, 2026, follows a Chinese government investigation into beef imports.
The Trump administration is said to be backing down from punishing duties of more than 90% after a government review spared major Italian exporters.
Last month, Mexico was the most popular export market for Chinese electric vehicles. The country imported 19,344 of them, which was a 2,367% increase compared to a year ago.