A shopkeeper sees chairs for sale at a home shop on Queens, New York City, US, 15 July 2025.
Kylie Cooper | Roots
Trump administration Imported furniture, President’s investigation has started Donald Trump Said on Friday, establishing a platform for new Tariff On a wide range of products.
“Within the next 50 days, this investigation will be completed, and furniture coming from other countries in the United States will be targeted at a fixed rate so far,” Trump wrote On his true social stage. “It will bring back the furniture business to northern Carolina, South Carolina, Michigan, and in states across the union.”
After Trump’s post, shares of top furniture and household goods companies, including Wayfair, Ascending And Williams-SonomaTumble in the hourly business.
Wayfair imports most of its furniture. RH, east restoration hardware and Williams-Sonomas are working to diversify their supply chains.
New tariffs can increase costs for many of these major furniture brands. But not for all of them.
Share of La z-boyWhich is most of its manufacturing in the US, rose on the news of Tram’s tariff schemes.
Trump has already put standing tariffs on cars, steel and aluminum and has provoked similar customs for imported copper, pharmaceuticals and semiconductors.
It was not clear whether the new, regional tariffs on furniture would be applied to the top of the country’s specific tariff rates.
The Trump administration has spent months in organizing bilateral talks with American business partners in an attempt to reset the balance of global trade. Recent framework agreements with the European Union and China have helped calm markets, but left many long -term issues unresolved.
Any new tariff will come in a difficult moment for the American furniture industry, with many challenges.
Like companies Wayfair The new sofa and dining sets have seen a decline in demand for more than a year on items, waiting for the interest rates for buyers to decrease due to a decline in part by a slow habitation market.
Along with buying fewer new homes, consumers have fewer reasons to buy new furniture.
In addition, with stubborn inflation, they are more preferred where they are spending their discretionary income. Restaurant, new clothes, trips and home decorations all have taken a hit.
, CNBC Gabriel fonder Contributed to this report.
