"How it works: Starting Oct. 1, kitchen cabinets, bathroom vanities and "associated products" will face a 50% tariff, Trump said in a Truth Social post. Upholstered furniture will face a 30% tariff. What they're saying: "The reason for this is the large scale 'FLOODING' of these products into the United States by other outside Countries. It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process," Trump wrote."
"By the numbers: Shares in some major furniture retailers were sharply lower late Thursday on the news, with Wayfair and RH both off about 5%. Between the lines: In the first half of 2025, the U.S. imported more than $20 billion worth of consumer furniture, per Census Bureau data. It's one of the largest category of consumer goods imports, at roughly the same level as toys, appliances and cotton apparel."
"Leading exporters to the U.S. include Vietnam and China, as well as Canada and Mexico. The rise in imports offset the steady decline of the domestic industry. A 2020 Richmond Fed paper, for example, noted that North Carolina lost half its furniture-making jobs in a decade after the lowering of trade barriers with China."
Starting Oct. 1, tariffs of 50% will apply to kitchen cabinets, bathroom vanities and related products, and 30% will apply to upholstered furniture. The move was justified by citing large-scale 'flooding' of these products into the United States and the need to protect national security and domestic manufacturing. Shares of major furniture retailers fell, with Wayfair and RH each down about 5%. In the first half of 2025, over $20 billion worth of consumer furniture was imported into the U.S., comparable to imports of toys, appliances and cotton apparel. Leading exporters include Vietnam, China, Canada and Mexico. A 2020 Richmond Fed paper noted steep domestic job losses in North Carolina after lowered trade barriers with China.
Read at Axios
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