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Trump announces timber and furniture tariffs

Financial Times•Tuesday, September 30, 2025 at 3:12:50 AM
PositiveFinancial Markets
Trump announces timber and furniture tariffs
In a significant move, Trump has announced new tariffs on timber and furniture imports, which could rise to 50% for countries that fail to negotiate trade deals with the United States. This decision is seen as a strategy to protect American industries and promote domestic production, potentially benefiting local jobs and the economy. As trade dynamics shift, this could lead to increased tensions with affected countries, but it also emphasizes the administration's commitment to prioritizing American interests.
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