Key insights and market outlook
The United States has postponed planned tariff increases on certain imports, including upholstered furniture and Italian pasta, amid ongoing trade negotiations. The 25% tariff on furniture imports remains in effect 1
The United States government, under President Donald Trump, has decided to postpone planned tariff hikes on certain furniture imports, including upholstered furniture and kitchen cabinets. The current 25% tariff will remain in effect until 2027 1
In a related trade development, the US has significantly reduced the proposed tariff on Italian pasta imports. The tariff has been lowered from a potential combined rate of 107% to between 2.26% and 13.89% 3
These moves represent the latest developments in the US administration's trade policy, which has been characterized by both the imposition of tariffs and ongoing negotiations with trading partners. The decisions regarding furniture and pasta tariffs demonstrate the dynamic nature of US trade policy and its responsiveness to both domestic industry concerns and international trade relationships.
Italian industry associations, including Coldiretti and Filiera Italia, have welcomed the reduction in pasta tariffs. They had previously expressed strong opposition to the higher proposed rates, citing concerns about potential price increases for American consumers and the impact on authentic 'Made in Italy' products 2
Tariff Increase Postponement
Trade Negotiation Developments
Import Duty Adjustments