‘The Big Money Show’ analyzes the latest immigration focus of the Trump administration: citizenship reviews.
President Trump announced on Friday that his administration is launching a probe in the furniture import to determine new rating rates on documents that enter the country.
“I am pleased to announce that we are conducting a large tariff research into furniture that comes in the United States,” Trump posted on his social account on Friday afternoon. “Within the next 50 days that research will be completed, and furniture that comes to the United States from other countries will be hit at a rate to be determined.”
Canada lifts rates of some American goods to resume trade discussions
The president noted that the investigation, together with the subsequent tasks, is aimed at reviving furniture production in states such as North Carolina, South Carolina and Michigan.
US President Donald Trump walks on the South Lawn of the White House after arriving at Marine One in Washington, DC, US, on Tuesday, July 29, 2025. (Bonnie Cash/Upi/Bloomberg via Getty Images/Getty Images)
“This brings the furniture company back to North Carolina, South Carolina, Michigan and states everywhere in the Union,” Trump added. “Thank you for your attention for this issue!”
Trump’s tariff income has been raised in just a few months and rises after 2024 levels
File photo: The corner of a table is depicted here. (Istock / Istock)
Earlier this month, Trump praised a “nice” increase in tariff income on imported goods, so that the trade policy of his administration for a stream of cash in the US economy was abolished.
Trump’s higher rates come into force on dozens of countries
A photo of February 6, 2025 shows the American treasury in Washington, DC. (Mandel Ngan / AFP via Getty Images / Getty images)
The US collected more than $ 29 billion in tariff income in July, the highest monthly total this year. According to the latest data from the Ministry of Finance and certain excise duties, “released on August 19, the total tariff income for the tax year reached $ 158.3 billion.
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