Trump Proposes $2,000 Payments Amid Unfulfilled Global Tariff Threats

Donald Trump signed a New Year's Eve proclamation delaying planned tariff increases on furniture and cabinets while the Department of Commerce significantly reduced proposed levies on Italian pasta.The executive order maintains the current 25 percent tariff for another year instead of hiking rates to 30 percent and 50 percent to protect domestic industries during ongoing trade negotiations.Italian trade groups welcomed the decision to lower pasta tariffs from 107 percent to a maximum of 14 percent following a review of alleged unfair pricing practices.