US EditionTrump says US will impose tariffs on all foreign furniture
The investigation targets $25.5 billion in U.S. furniture imports, aiming to revive domestic manufacturing jobs that have declined from 681,000 in 2000 to 340,000 today, officials said.
- On Friday, President Donald Trump announced his administration is launching a probe into imported furniture to determine new tariff rates on pieces entering the United States.
- As part of a broader trade push, President Donald Trump targets $25.5 billion in furniture imports, aiming to revive jobs in North Carolina, South Carolina, and Michigan.
- Markets reacted immediately, with shares of Wayfair sinking 6.2% to $73, RH slipping 7.5%, Williams-Sonoma falling 5.6%, while La-Z-Boy and Ethan Allen Interiors rose to $37.48 and $31.60 on Friday.
- Trump set a 50-day deadline, noting `Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined`; officials warn tariffs could raise costs for major furniture brands and consumers.
- The announcement follows a pattern of probes into other imports, including wind turbines and metals, while Treasury Department data show tariffs have generated over $29 billion in July and $158.3 billion this fiscal year.
53 Articles
53 Articles
Furniture Tariff Investigation Underway, Details Coming Within 50 Days: Trump
President Donald Trump announced Friday that his administration is considering tariffs on furniture imports, with an investigation underway and a report expected within 50 days. “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union,” Trump posted on his Truth Social platform. The move reinforces Trump’s America First agenda, with policies aimed at reshoring manufacturing and bui…
President Donald Trump said the U.S. is conducting a “great investigation into tariffs on furniture entering the country,” which paves the way for the imposition of sector-specific taxes. “In the next 50 days, that investigation will be completed, and furniture coming from other countries to the U.S. will be taxed with a tariff whose rate is yet to be determined,” Trump said in a social media publication this Friday, ensuring that the bill would…
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…
Coverage Details
Bias Distribution
- 66% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
