US President Donald Trump has threatened to impose tariffs on imported furniture and home goods, adding to his existing levies on specific products and commodities. The move is expected to affect companies such as Wayfair, RH, and Williams-Sonoma, which import a significant portion of their products from overseas.
Trump announced the investigation into imported furniture in a post on his Truth Social platform, stating that it would be completed within 50 days and could lead to tariffs being imposed on furniture coming from other countries. This news sent stocks tumbling for these companies in after-hours trading.
While new tariffs could drive up costs for some major furniture brands, others like La-Z-Boy, which has most of its manufacturing in the US, are expected to benefit. The move comes at a challenging time for the US furniture industry, which is already facing demand drops and stubborn inflation.
The US furniture industry has been struggling due to a slower housing market and lower interest rates, leading consumers to be more cautious with their discretionary spending on non-essential items such as new furniture and home decor. With tariffs potentially added to these products, the situation could worsen for companies that rely heavily on imports.
Source: https://www.cnbc.com/2025/08/22/trump-tariffs-furniture-trade.html