Wednesday, January 7, 2026
Today’s News

A Break for Couches and Spaghetti: Trump Reduces and Postpones Tariffs

By postponing or reducing tariffs just before they were scheduled to take effect on January 1, 2026, President Donald Trump has reduced pressure on two key import industries: pasta and furniture.

In order to maintain current tariffs and allow for additional talks with trading partners, Trump has postponed proposed tax increases on some imported household products for a year. Trump signed a proclamation on Wednesday that postponed the planned increases, which were supposed to go into effect on Thursday, until January 1, 2027.

Instead of allowing the duty to increase to 30% for upholstered furniture and 50% for kitchen cabinets and vanities as instructed initially, the order maintains the present 25% tax on “certain upholstered wooden products.

In September 2025, the furniture tariffs were introduced as part of a larger effort to safeguard domestic businesses and change US trade relations. Late last year, the administration imposed a 10% levy on imported softwood lumber and timber in addition to the 25% on cabinets and furniture.

The new tariffs, which were scheduled to go into effect this week, would have had a particularly negative impact on imports from significant suppliers like China and Vietnam and come amid persistent worries about growing consumer prices.

Separately, the US Supreme Court is anticipated to make a decision about the validity of some broad tariff measures imposed under national security authorities. This ruling may have broader ramifications for Trump’s trade policy.

Also Read:

Saudi Arabia: 10 Million Riyals in Fines and Five Years in Prison for Importing and Manufacturing Counterfeit Pesticides

King’s Christmas Message Calls for Harmony in a Divided Society

INTERVIEW

Press Release

Letest News

Health

Lifestyle

Business

Technology

Wednesday, January 7, 2026

Entrepreneur Mirror is a platform with a significant focus on business, technology, startups entrepreneurship, leadership, innovation, content creation, prominent business personalities, and many more across the globe. Further, the company publishes interviews, business content, press releases, articles, etc. 

SUBSCRIBE

Copyright © 2024 Entrepreneur Mirror All Right Reserved