‘Within next 50 days…’: Trump announces potential tariffs on imported furniture

Trump announces potential tariffs on furniture imports

US President Donald Trump has proposed new tariffs on imported furniture, marking a fresh step in his administration’s effort to strengthen domestic manufacturing. While the tariffs won't take effect immediately, Trump suggested a decision could be reached within the next 50 days, potentially by October.

On Friday, the President announced that his administration had launched a major investigation into furniture imports, a move that could pave the way for the implementation of new trade measures.

In a post on Truth Social, Trump detailed the plan. “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. He added, “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union."

The announcement had an immediate impact on the stock market, with shares of major furniture and home goods retailers like Wayfair, RH, and Williams-Sonoma falling in after-hours trading, Reuters reported. These companies depend significantly on imports, although RH and Williams-Sonoma have recently worked to diversify their supply chains.

Not all brands were affected negatively. La-Z-Boy, which manufactures most of its products domestically, saw its stock climb following Trump’s post, CNBC reported. Reuters also noted the contrasting market response.