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Fact Sheet: Trade and Tariff Impacts
January 1: The White House announced the planned tariff rate increases on upholstered furniture, household cabinets and vanities are delayed for one year and will remain at 25%, citing productive negotiations with trade partners. In September, President Trump announced imported household cabinets and vanities were to rise from 25% to 50% and upholstered furniture to 30%, effective January 1.
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