Bloomberg reported on December 31 local time that US President Trump has decided to delay the plan to increase tariffs on soft goods furniture, kitchen cabinets, and bathroom vanities by one year, with the new rates taking effect on January 1, 2027. Bloomberg commented in its report that this move was intended to address public dissatisfaction with rising prices.
In September of last year, Trump had decided to raise the tariff on "certain soft goods furniture" from 25% to 30% starting January 1, 2025, while increasing the tariff on kitchen cabinets and bathroom vanities from 25% to 50%. Although Trump has postponed the implementation date of this tariff plan, the original 25% tariff remains in effect.
The White House website also released a related statement on the 31st. The statement claimed that Trump's previous decision to impose additional tariffs on these products was aimed at "revitalizing American industry and protecting America's national security" and "regaining America's economic sovereignty."
Statement released by the White House
Regarding the reason for delaying the imposition of additional tariffs, the White House announcement stated that it was because "current negotiations regarding the import of wood products are showing progress, and the president has decided to delay the tariff increase to allow for further negotiations with other countries." This also means that the tariff rates for related products in the United States may change further in the future.
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