By Michele Luhn
The 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 products.
“Within the next 50 days, that Investigation will be completed, 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 Business back to North Carolina, South Carolina, Michigan, and States all across the Union.”
Following Trump’s post, shares of top furniture and home 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.
Shares of La-Z-Boy, which has most of its manufacturing in the U.S., rose on the news of Trump’s tariff plans.
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