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The President invokes Part 232 for nationwide safety tariffs. From NYT:
United States would start imposing a 50 % tariff on imported kitchen cupboards, lavatory vanities and related merchandise, together with a 30 % tariff on imported upholstered furnishings…
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The tariffs will probably be issued beneath a provision of a nationwide safety regulation, often called Part 232
One other 30% tariff on furnishings, the place costs have already leapt (relative to import costs) since April 2024.
Determine 1: Furnishings and family furnishings part of CPI (blue), of PPI (inexperienced), import value index for furnishings and family furnishings (tan), all in logs 2025M04=0. PPI seasonally adjusted utilizing geometric transferring common. Supply: BLS by way of FRED.
Shopper costs have already 1.5% proportion factors greater than import costs.
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