Trump says furniture tariffs are coming later this year
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Trump says furniture tariffs are coming later this year

August 22, 2025
09:17 PM
2 min read
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Stocks for some furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled after the market close, following Trump's post.

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2 min read

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real estate

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Published

August 22, 2025

09:17 PM

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CNBC

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A shopper looks at chairs for sale at an At store in Queens, New York City, U.S., July 15, 2025

Kylie Cooper | ReutersThe Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of ducts."Within the next 50 days, that Investigation will be , and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined," Trump wrote on his Truth Social platform. "This will bring the Furniture back to North Carolina, South Carolina, Michigan, and States all across the Union."ing Trump's post, s of top furniture and goods companies, including Wayfair, RH and Williams-Sonoma, tumbled in after-hours trading

Wayfair imports much of its furniture

RH, formerly Restoration Hardware and Williams-Sonoma have been working to diversify their supply chains.New tariffs could drive up costs for many of these major furniture brands

But not for all of them.s of La-Z-Boy, which has most of its manufacturing in the U.S., rose on the news of Trump's tariff plans

Trump has already put steep tariffs on cars, steel and aluminum and he has floated similar customs duties for imported copper, pharmaceuticals and semiconductors.It was un Friday whether new, sectoral tariffs on furniture would be applied on top of country specific tariff rates

The Trump administration has spent months holding bilateral negotiations with U.S. trade partners in an effort to reset the balance of global trade

Recent framework agreements with the European Union and China have helped to calm , but leave many longer-term issues unresolved.Any new tariffs would come at a difficult moment for the U.S. furniture industry, which faces a range of challenges.Companies Wayfair have seen demand fall for more than a year on items new couches and dining sets, a drop caused in part by a slower overall housing market as buyers wait for interest rates to come down.With fewer new s being bought, consumers have fewer reasons to buy new furniture

Plus, with stubborn inflation, they have been more choosy on where they are spending their discretionary income

Restaurants, new clothes, trips and decor have all taken a hit. — CNBC's Gabrielle Fonrouge contributed to this report.