Another Trump Tariff Retreat

This time it’s a delay for a year on higher taxes on upholstered furniture and kitchen cabinets

WSJ editorial. Excerpts:

"His planned 30% to 50% levies will now be delayed a year, maintaining a still damaging 25% border tax."

"Prices for living-room furnishings rose 4.6% in November from a year earlier"

"The retreat is another in a string of policy reversals to mute the tariff harm to American consumers."

"You’d think the tariff cheerleaders would be embarrassed by these walkbacks, but they ignore them as they promise that the tariff golden age will soon arrive."