WASHINGTON (AP) — On the last day of the year, President Donald Trump took decisive action in the realm of international trade by signing a proclamation that delays increased tariffs on upholstered furniture, kitchen cabinets, and vanities by one year. This move maintains the existing 25% tariff imposed last September while deferring the planned increases to 30% for upholstered furniture and 50% for kitchen cabinets and vanities, which were set to take effect on January 1. As ongoing trade talks continue, Trump has emphasized that these tariffs are essential to 'bolster American industry and protect national security.'

This latest announcement marks another twist in the complex saga of Trump's tariff policies since his return to office last year. The president's approach has been characterized by unexpected announcements and abrupt changes to tariff strategies, leaving many to view this delay as part of the ongoing balancing act in addressing trade imbalances and safeguarding domestic production. The outcome of these developments remains a focal point for both industry stakeholders and global trading partners as 2023 unfolds.}