President Trump has initiated a review of furniture imports, potentially leading to new tariffs on imported items entering the United States. He announced this in a Friday afternoon statement, stating that a 50-day investigation into the industry is underway, with new tariffs to be implemented based on the findings. Trump believes these tariffs could stimulate domestic furniture production in key states like North Carolina, South Carolina, and Michigan. This follows previous statements from Trump celebrating increased tariff receipts, suggesting a positive impact on U.S. Treasury revenue. Further details are expected regarding the specific rates of new potential tariffs.