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Trump Announces Tariffs on Furniture Imports Amid Trade Probe
Trump Announces Tariffs on Furniture Imports Amid Trade Probe
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BTCCSquare news:
President TRUMP declared the U.S. will impose tariffs on furniture imports following an ongoing investigation, aiming to revive domestic manufacturing in states like North Carolina and Michigan. The probe is expected to conclude within 50 days, though the specific tariff rate remains undetermined.
White House trade adviser Peter Navarro reiterated plans to enforce punitive 50% tariffs on Indian imports next week, citing India's continued purchases of Russian oil. Navarro accused India of disregarding its role in global tensions and aligning with China.
China's ambassador to India condemned the U.S. tariffs, signaling strengthened cooperation between the two Asian nations against American trade policies.
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