Ikea boosts US production as Trump hits furniture makers with hefty tariffs
Flat-pack group moves to increase domestic sourcing as it faces tariffs of up to 50% on wood products
Flat-pack group moves to increase domestic sourcing as it faces tariffs of up to 50% on wood products

Latest levies to rise to as high as 50% for countries that do not strike trade deals with US

British carmaker blames global economic slowdown and Donald Trump’s trade policies for shortfall

US president has threatened to raise levies to 25% if EU does not implement last year’s trade deal

US president backed off his threat of new duties on European economies after market tumult

New measures would protect industry, but some countries fear that curbing low-cost imports could drive up prices

Higher levies mean rising costs for importing into the US, parts procurement and supply chain adjustments