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Trump Delays Tariff Hikes on Furniture and Cabinets for One Year

  President Donald Trump has postponed planned tariff increases on imported upholstered furniture, kitchen cabinets, and bathroom vanities, granting a one‑year extension before higher duties take effect. The tariffs were originally scheduled to rise at the start of 2026, with rates on upholstered furniture set to increase from 25% to 30%, and duties on kitchen cabinets and vanities slated to jump from 25% to 50%. Under the new timeline, the current 25% rate will remain in place through 2026. The administration said the delay is intended to provide additional time for ongoing trade negotiations with countries that export these products to the United States. Officials have argued that the tariff increases are part of a broader effort to bolster domestic manufacturing and address long‑standing trade imbalances. The postponement offers temporary relief to importers, retailers, and builders who had been preparing for higher costs. Unless further action is taken, the increased tariff...
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China Stands Firm Amid Escalating Trade Tensions with the U.S.

In a bold move, Chinese President Xi Jinping declared that China is "not afraid" of external pressures as Beijing raised tariffs on U.S. goods to 125%. This escalation marks a significant chapter in the ongoing trade war between the world's two largest economies. Xi emphasized China's resilience, stating that the nation has thrived on self-reliance and hard work for over 70 years, and it will not bow to what he described as "unjust suppression".

The tariff hike comes as a response to the U.S.'s recent increase in levies on Chinese imports, which now stand at a staggering 145%. Both nations have engaged in a tit-for-tat exchange of economic measures, fueling fears of a global recession and unsettling international markets. Despite the tensions, Xi expressed confidence in China's ability to navigate these challenges, focusing on strengthening ties with other global partners.

This development underscores the deepening rift between the two economic powerhouses, with no clear resolution in sight. The world watches closely as the trade war continues to reshape global economic dynamics.

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