A key shift has occurred—the U.S. government has just announced that the new tariffs on indoor furniture, kitchen cabinets, and bathroom vanities will be delayed by one year. What seems like a micro-level business policy actually reflects the complex game of current tariff strategies.

This delay signals several messages. First, these products mainly involve the upstream and downstream of the construction and renovation industries, and the tariff delay means that related supply chains can gain a buffer period, avoiding immediate cost pressures in the short term. Second, postponing by a year indicates that decision-makers are balancing different economic goals—aiming to achieve certain strategic objectives through tariffs while avoiding immediate shocks to consumers and the industrial chain.

For the macroeconomy, such adjustments in policy timing often hint at the overall approach of monetary and fiscal policies. When the pace of tariff implementation slows down, it usually indicates that inflationary pressures are easing in the short term, which has an indirect impact on asset pricing. Of course, the specific implementation after a year remains uncertain, and the market will continue to monitor subsequent developments.

For those paying attention to macro cycles and asset allocation, this is another data point worth noting. The pace of policy often determines the extent of market expectation adjustments.