• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Politics

Trump retreats on tariffs again, now on furniture, kitchen cabinets and vanities

By
Michelle L. Price
Michelle L. Price
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Michelle L. Price
Michelle L. Price
and
The Associated Press
The Associated Press
Down Arrow Button Icon
January 2, 2026, 9:16 AM ET
trump
President Donald Trump speaks at a New Year's Eve celebration at his Mar-a-Lago club, Wednesday, Dec. 31, 2025, in Palm Beach, Fla. AP Photo/Alex Brandon

President Donald Trump signed a New Year’s Eve proclamation delaying increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year, citing ongoing trade talks.

Recommended Video

Trump’s order signed Wednesday keeps in place a 25% tariff he imposed in September on those goods, but delays for another year a 30% tariff on upholstered furniture and 50% tariff on kitchen cabinets and vanities.

The increases, which were set to take effect Jan. 1, come as the Republican president instituted a broad swath of taxes on imported goods to address trade imbalances and other issues.

The president has said the tariffs on furniture are needed to “bolster American industry and protect national security.”

The delay is the latest in the roller coaster of Trump’s tariff wars since he returned to office last year, with the president announcing levies at times without warning and then delaying or pulling back from them just as abruptly.

The Trump administration on Wednesday also signaled it may back away from a steep tariff proposed on Italian pasta that would have put the rate at 107%. The U.S. had threatened to add a heavy tariff on Italian pasta makers after the U.S. Commerce Department launched what it said was a routine antidumping review based on allegations that the pasta makers sold product into the US at below-market prices and undercut local competitors.

A final decision on the sanctions was scheduled for Jan. 2, with the option of extending it.

The Commerce Department said Wednesday that based on a new review, the rates would be lowered to between 2.26% and 13.89% for the pasta makers because they had addressed many of the department’s concerns. A final decision is now set for March 12.

Italian farm lobby Coldiretti and another food industry association, Filiera Italia, welcomed the development. The two lobby groups had strongly objected to the original tariffs and urged the Italian government to intervene.

The two associations said the original proposed tariffs would have doubled the cost of a plate of pasta for American families, “opening the door to Italian-sounding products and penalizing the authentic quality of Made in Italy.”

They reported that in 2024, Italian pasta exports to the U.S. amounted to €671 million ($787 million).

“Coldiretti and Filiera Italia will continue to defend our premium pasta exported to the U.S. market, which we have also supported with a strong campaign in the international media,” the associations said in a statement.

___

Associated Press writer Nicole Winfield in Rome contributed to this report.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Michelle L. Price
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

iran
Middle EastMiddle East
Iran’s new Supreme Leader warns of ‘opening other fronts’ in first statement from hiding
By Jon Gambrell, David Rising, Mike Corder, Natalie Melzer and The Associated PressMarch 12, 2026
23 minutes ago
police
Lawpolice
Police officers shot a man in the back, then a cop took the first ambulance because of a ‘mild anxiety attack’
By Dave Collins and The Associated PressMarch 12, 2026
35 minutes ago
senate
Real EstateU.S. Senate
Senate passes bill to make housing more affordable, with no indication House or Trump will approve it
By Charlotte Kramon, Alex Veiga, Mary Clare Jalonick and The Associated PressMarch 12, 2026
39 minutes ago
donald trump
PoliticsTariffs
Trump might get away with his new tariffs: The law he’s relying on survived over 3,600 legal challenges, and even Biden used it
By Jake AngeloMarch 12, 2026
48 minutes ago
A man stands amidst a field of corn.
EconomyAgriculture
Fertilizer prices soar as Strait of Hormuz tensions rise—forcing U.S. farmers to rethink spring planting
By Sasha RogelbergMarch 12, 2026
51 minutes ago
Former Tennessee Gov. Bill Haslam holding up his fingers.
Future of WorkBipartisan
‘I don’t know if we’re ready’: Governors from each party appalled at 100-year-old federal workforce strategy
By Catherina GioinoMarch 12, 2026
3 hours ago

Most Popular

placeholder alt text
Economy
'This cannot be sustainable': The U.S. borrowed $50 billion a week for the past five months, the CBO says
By Eleanor PringleMarch 10, 2026
2 days ago
placeholder alt text
AI
'Proceed with caution': Elon Musk offers warning after Amazon reportedly held mandatory meeting to address 'high blast radius' AI-related incident
By Sasha RogelbergMarch 11, 2026
22 hours ago
placeholder alt text
Commentary
How the ultrawealthy use smartphone apps to avoid millions in taxes
By Jose AtilesMarch 11, 2026
1 day ago
placeholder alt text
Future of Work
Shark Tank's Kevin O'Leary doesn't care if you work from your basement. He just wants to know if you can ‘execute’
By Marco Quiroz-GutierrezMarch 10, 2026
2 days ago
placeholder alt text
Success
BlackRock is splashing $100 million on training plumbers, electricians, and HVAC technicians as its CEO flags a skilled trade worker shortage
By Preston ForeMarch 11, 2026
1 day ago
placeholder alt text
Personal Finance
Retirees wait for the day they can sell their homes and cash in—but there's a secret Medicare 'trap' that could stop them in their tracks
By Sydney LakeMarch 11, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.