Summary
President Donald Trump has delayed tariffs on some furniture and cabinets for one year due to concerns about living costs. These tariffs were initially set for 50% on cabinets and 30% on furniture. He also agreed to reduce tariffs on certain imported Italian pasta products.
Key Facts
- President Trump delayed a planned 50% tariff on kitchen cabinets and a 30% tariff on upholstered furniture for one year.
- The existing 25% tariff on these products remains in place since September.
- Rising prices and living costs are significant concerns for U.S. voters before the 2026 midterm elections.
- A December poll showed 30% blamed tariffs for high prices, and 32% said Trump is fully responsible for the economy's state.
- The U.S. agreed to lower tariffs on Italian pasta from certain companies, reducing them from 92% to as low as 2.26%.
- President Trump argued that the furniture tariffs support American industry and national security.
