25.08.202501:29:28UTC+00Trump Opens Furniture Tariff Investigation

President Donald Trump declared on Friday a significant tariff investigation focused on imported furniture, indicating the possibility of new duties in response to escalating prices in the industry. In a statement on Truth Social, Trump said, “Furniture entering the United States from other countries will be subject to tariffs at a rate yet to be determined.” The investigation, expected to conclude within 50 days, will be conducted under Section 232 of the national security statute, as confirmed by a White House official. This action might also serve as a contingency plan should courts overturn existing "reciprocal" tariffs previously levied on trading partners such as China, Canada, and Mexico. Trump emphasized that the initiative would rejuvenate domestic manufacturing: “This will bring the furniture business back to North Carolina, South Carolina, Michigan, and states throughout the Union.”