Daily News
From Home Furnishing Business
Trump Says Furniture Imports Will Be Tariffed After Investigation
August 24,
2025 by Karen Parrish in Business Strategy, Industry
In a post on Truth Social, the President said, "Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined.” He added the effort would "bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union."
Over the next 50 days, an unspecified government body will lead the probe into furniture imports. Trade advisor Peter Navarro criticized India for ongoing purchase of Russian oil and anticipated a 50% punitive tariff on the country over the next week.
Navarro said, “I see that taking place. India doesn’t appear to want to recognize its role in the bloodshed. It simply doesn’t. It’s cozying up to Xi Jinping, is what it’s doing.” Navarro told reporters in front of the White House that the tariffs are set to double on Aug 27. The growing cooperation between China and Inda was highlighted when the Chinese official voiced for the country.
Xu Feihong, China’s ambassador to India, officially voiced support for India regarding the US tariff on its exports, stating, “The United States has imposed tariffs of up to 50% on India, and it has even threatened for more. China firmly opposes this.”
Meanwhile, Canada will drop its retaliatory tariffs to match US tariff exemptions for goods covered under the United States-Mexico-Canada trade pact, a government official said Friday. Canadian Prime Minister Mark Carney is expected to make a formal announcement of the move meant to reset trade talks.
The US and European Union also came to an agreement for their trade deal on Jul 27, which includes a 15% tariff on most EU imports including autos, pharmaceutical goods, and lumber. The EU also promised to remove tariffs on US industrial goods and give better access to US seafood and agricultural products.
Yahoo! Finance signaled that negotiations to watch in the coming months are with Canada, Mexico, and China.
Yahoo also included various “reciprocal tariffs” in their report. View the article to see what has been levied on various US trade partners.