Trump postpones tariff increase on furniture and cabinets until 2027

U.S. President Trump has postponed the tariff increases on upholstered furniture, kitchen cabinets, and bathroom cabinets. According to an announcement released by the White House on Wednesday, the higher tariffs originally scheduled to take effect this Thursday will be delayed until January 1, 2027. Previously, there were plans to raise tariffs on "certain wooden upholstered products" from 25% to 30%, and on kitchen cabinets and bathroom cabinets from 25% to 50%. The current 25% tariffs will remain in place, as the United States is negotiating with trade partners on trade reciprocity and national security issues regarding wood product imports.