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US Opens Furniture Import Probe, Setting Up Potential Tariffs Within 50 Days
The tariff probe aims to revive U.S. furniture manufacturing, which employs 340,000 workers, down nearly 50% since 2000, by addressing rising imports from China and Vietnam.
- On Friday, President Donald Trump announced a major probe into imported furniture, stating on Truth Social, `Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined`.
- The probe is a Section 232 review of imports, framed by the Trump administration as a national security assessment of timber, lumber and derivative products to reduce reliance on foreign manufacturing.
- Trade data show the United States imported about $25.5 billion in furniture in 2024, with about 60% from Vietnam and China, while the Consumer Price Index shows furniture prices rose 0.9% month-to-month and shares of Wayfair, RH and Williams-Sonoma tumbled on Friday.
- Trump set a 50-day timeline for the probe, with duties “yet to be determined,” and the White House said new tariffs won’t stack on existing ones targeting China and Vietnam.
- The president said tariffs aim to revive production in states like North Carolina, South Carolina and Michigan, with furniture and wood products employment falling from 1.2 million in 1979 to 340,000 today, while Section 232 could legally support duties if courts uphold other sector probes.
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Trump On Tariff Investigation Into Furniture Imports: Bring ‘Business Back’ To U.S.
President Donald Trump said on Friday his administration will conduct a “major” tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already seeing tariff-fueled price increases.“Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” Trump said in a post on Truth Social.Furniture retailer RH — previously known as Restoration Hardware…
·Nashville, United States
Read Full ArticleThe announcement by US President Donald Trump marks a new stage in his commercial offensive, while other strategic sectors are already subject to surtaxes.
·Paris, France
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Total News Sources51
Leaning Left5Leaning Right11Center13Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 17%
C 45%
R 38%
Factuality
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