Trump Declares Imminent Furniture Tariffs, Sending Retail Stocks Tumbling
Trump Declares Imminent Furniture Tariffs, Sending Retail Stocks Tumbling President Donald Trump announced Friday that a new investigation into imported furniture is nearing completion, setting the stage for significant tariffs on a broad array of products within the next 50 days. The declaration, made on Trump’s Truth Social platform, stated that the move is intended to “bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union.” The news immediately impacted the stock market,…