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Trump to Unveil Furniture Tariff Details After Import Slump
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Trump signals more details on furniture tariffs, fueling consumer goods uncertainty.
President Trump announced that specifics on new furniture import tariffs will follow, after a broad 50% duty on kitchen items and 30% on upholstered furniture unsettled retailers. The move is part of his push to reward domestic production but has raised concerns about cost inflation and supply chain disruption. Market watchers warn that ripple effects may spread into household goods and consumer sectors.