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Business News

President Donald Trump’s new tariffs went into effect today. Imported upholstered furniture will now face a 25 percent duty, which will rise to 30 percent on January 1, 2026, while kitchen cabinets and vanities will now incur a 25 percent tariff, set to rise to 50 percent in the new year. Imported timber is now at 10 percent. With the exception of China, these new tariffs will not “stack” on top of previously announced country-specific duties, and certain regions—including the U.K. and the EU—are exempt from the new policy.

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