Trump canceled a planned 50% tariff on cabinets and vanities and a 30% tariff on upholstered furniture by signing an order on Wednesday night during the New Year’s Eve holiday.
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However, the order kept up the 25% tariff he had in place for those goods in September.
The furniture tariffs were intended to “bolster American industry and safeguard national security,” according to the US president.
As the US prepares for its 2026 midterm elections, which are scheduled for November, rising prices and the cost of living are major concerns for Americans, according to polls.
Voters blame President Trump’s policies, and particularly his tariffs, at least in part for their economic woes. According to a Politico poll conducted in December, 32 percent of respondents said that Trump bears “full responsibility” for the state of the economy, while 30 percent cited tariffs as the main cause of high prices.
The cost of living was cited as the main concern for the nation by the majority of respondents, and 32 percent cited the state of the economy. Democrats have fought back against Trump and his Republican Party over concerns about affordability, which he has rejected as a “hoax” perpetuated by his political rivals.
The US agreed to slash proposed import duties on pasta products from 13 companies, according to the Italian foreign ministry’s statement on Thursday.
Prior to this, the Trump administration had threatened to impose 92 percent import taxes on European Union products on top of the tariffs already in place.
The US Commerce Department, according to the Italian government’s foreign ministry, agreed to lower the rates for La Molisana and Garofalo, both of which had been accused of undercutting other pasta producers by charging unfairly low prices.
The other businesses will experience a rate of 9.09 %.
Source: Aljazeera
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