BUSINESS

Trump announces a 25% tariff on trucks and a 30% tariff on furniture

President Donald Trump announced new tariffs on kitchen cabinets, bathroom vanities, furniture, and heavy trucks, set to take effect October 1, 2025. The tariffs range from 25% on heavy trucks to 50% on cabinets and vanities. Trump cited unfair foreign competition and the need to protect U.S. manufacturing and national security as reasons for the move. These tariffs are expected to further increase prices for consumers, following a trend already seen in the furniture market due to previous trade policies. Retailer stocks experienced a downturn following the announcement.

Reviewed by JQJO team

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