AssetID: 55009331
Headline: UNCAPTIONED: Trump Plans Higher Furniture Tariffs Within 50 Days
Caption: Trump Plans Higher Furniture Tariffs Within 50 Days. President Donald Trump has announced plans to impose higher tariffs on imported furniture with an investigation expected to conclude within the next 50 days. The exact rates have yet to be determined, but Trump says the move aims to revive domestic furniture production, in states like North Carolina, South Carolina, and Michigan. The announcement comes as furniture prices in the US have already been rising partly due to previous tariffs on top suppliers such as China and Vietnam. Last year, these two countries exported around $12 billion in furniture and fixtures to the US. Recent data shows overall furniture and bedding prices increased 0.4% in June and 0.9% in July while specific categories like office and patio furniture saw sharper rises, reversing months of deflation in the sector. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,US President,Donald Trump,announced,higher tariffs,within 50 days,furniture,imported,United States,plan,revive,domestic,production,states,prices,rising,suppliers,China,Vietnam
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