U.S. Trade Policy

President Trump on Dec. 31, 2025 signed a presidential proclamation delaying for one year planned tariff hikes that would have raised tariffs on upholstered furniture from the current 25% to 30% and on kitchen cabinets and vanities from 25% to 50% (the higher rates had been scheduled to take effect Jan. 1, 2026), leaving the September-imposed 25% tariffs in place. The White House framed the move as part of a "laser-focused" affordability push and ongoing trade talks — after recently rolling back some food tariffs — while economists warn such levies have pushed up consumer prices (household furnishings +4.6% year-over-year) and strategists say delays give the administration flexibility to ease costs for voters.