US EditionTrump says US will impose tariffs on all foreign furniture
The investigation aims to protect domestic manufacturers amid a decline from 1.2 million to 340,000 furniture jobs since 1979, with $25.5 billion in imports last year.
- Trump announced that the US will impose tariffs on all foreign furniture within 50 days after completing an investigation.
- Shares of major furniture retailers like Wayfair, RH, and Williams-Sonoma fell after Trump's announcement.
- The US imported about $25.5 billion in furniture in 2024, with around 60% coming from Vietnam and China.
20 Articles
20 Articles
Trump announces tariff investigation into furniture imports to restore U.S. manufacturing
President Trump announced on Friday that his administration is launching a probe into furniture imports to determine new tariff rates on pieces entering the country."I am pleased to announce that we are doing a major Tariff Investigation on Furniture coming into the United States," Trump posted to his Truth Social account Friday afternoon. "Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries i…
Major furniture retailers see stocks plummet after Trump's social media warning
President Donald Trump's warning that imported furniture will soon face tariffs sent stocks reeling for major retailers, according to a report. On Friday, Trump said on his Truth Social platform that his administration was conducting a major tariff investigation into furniture imports. The administr...
Washington, Aug 22 (EFE).- U.S. President Donald Trump warned this Friday that “a great investigation” has been initiated into furniture entering the United States from other countries and hopes to increase tariffs for these products. “Within the next 50 days, the investigation will be completed and imported furniture will be subject to a tariff that is still to be determined,” Trump wrote in his Truth account. The president added that this meas…
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