Overview

• At a cabinet meeting Tuesday, the president said duties could reach 100–200% and be implemented "pretty quickly."
• The administration formally began a 50-day furniture-import investigation last week, with findings due within that period.
• Trump framed the plan as a way to rebuild jobs in North Carolina and South Carolina.
• Analysts say steep duties would raise costs for U.S. buyers and may curb some Chinese shipments without swiftly restoring domestic production.
• ING’s Lynn Song expects a broad-based reshoring push rather than China-specific penalties, with Reason reporting the action is being pursued under Section 232.