Trump Delays Tariff Hike on Furniture, Cabinets by 1 Year

President Donald Trump has postponed a planned increase in tariffs on imported upholstered furniture, kitchen cabinets, and vanities by one year, enabling further trade negotiations while keeping the current 25 percent duty in effect, the White House said Wednesday. The declaration, signed under Section 232 of the Trade Expansion Act of 1962, delays the hike that was scheduled to begin Jan. 1, 2026. The decision comes after a Commerce Department probe earlier this year that determined imports of timber, lumber, and related products pose a threat to national security by fostering overreliance on foreign sources. “This Proclamation builds on previous actions taken by the Trump Administration to ensure U.S. trade and industrial policies serve the national interest,” reads a White House fact sheet....