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Investing.com -- U.S. President Donald Trump announced Friday that his administration is launching a "major Tariff Investigation" on furniture imports entering the United States.
In a post on Truth Social, Trump stated the investigation would be completed within the next 50 days, after which imported furniture will face tariffs at "a Rate yet to be determined."
The president suggested the move aims to revitalize domestic furniture manufacturing, specifically mentioning potential benefits for North Carolina, South Carolina, Michigan, and "States all across the Union."
"This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union," Trump wrote in his social media statement.
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