Trump says the furniture tariff will come later this year

the Trump administration I launched an investigation into the imported, main furniture Donald Trump He said on Friday, which paves the way for the new Definitions On a wide range of products.

“During the next fifty days, this investigation will be completed, and the furniture coming from other countries will be defined to the United States at a rate that has not yet been determined,” Trump will be defined. books On the social truth platform. “This will restore furniture to North Carolina, South Carolina, Michigan, and states throughout the Union.”

After Trump’s publication, the shares of the upper furniture and home commodity companies, including Wayfairand Rh and Williams-SonomaI fell in trading after hours.

Wayfair imports many of its furniture. RH, which was previously working on restoration devices and Williams-Sonoma, is working to diversify their supply chains.

New definitions can increase the costs of many of these main furniture signs. But not everyone.

shares No costume BoyAnd that has most of its manufacture in the United States, has risen on the news of the Trump tariff plans.

Trump has already placed a highly slope tariff on cars, steel and aluminum, and he has offered customs duties similar to imported copper, pharmaceutical preparations and semi -conductors.

On Friday, it was not clear whether a new sectoral tariff would be applied to the furniture on top of the country’s tariff prices.

The Trump administration spent months holding bilateral negotiations with American trading partners in an attempt to reset the global trade balance. The recent framework agreements with the European Union and China helped calm the markets, but left many long -term issues without a solution.

Any new tariff will come in a difficult moment to make the American furniture, which faces a set of challenges.

Companies like Wayfair It has witnessed a decrease in demand for more than a year on elements such as new sofas and dining groups, a partial decrease in the housing market slower as buyers are waiting for interest rates to decrease.

With the purchase of fewer new homes, consumers have less reasons for buying new furniture.

In addition, with stubborn inflation, they were more optional around where they spent their estimated income. New restaurants, clothes, trips and home decoration have achieved great success.

– CNBC Gabriel Fonroge He contributed to this report.