Hot take: The Home Furnishings Association (HFA) just dropped a heads-up for its 1,400+ members…
U.S. President Donald Trump announced 30–50% tariffs on certain furniture & cabinetry starting Oct 1, citing “national security.” That’s basically an extra tax on imports 🛋️💰
For retailers, this could mean passing higher costs to shoppers in the U.S. — think pricier sofas, dining sets, and cabinets at a time when budgets are already tight. Demand could dip, and stores may have to rethink where they source products and how they plan their collections.
One big question: Will wood furniture and casegoods (like TV stands and dressers) be hit by these “associated products” tariffs? The final definition is still TBD, so retailers are playing a waiting game.
Major players in the industry aren’t exactly cheering. Dennis Hendriks from luxury wholesaler Eichholtz calls it “wishful thinking” to expect domestic upholstery to bounce back quickly — you need factories that can keep up with demand, after all. 🏭
And Jofran’s John Miranda summed it up like a sports coach stuck with a blank playbook: “We don’t know what game we’re playing… how do you make a game plan when the rules keep changing?” ⚾🤷♂️
Bottom line: If you’re eyeing that chic sofa for your WFH setup or a cozy reading nook, keep an eye on those price tags — things might get a bit more expensive thanks to Team Trump’s tariff play. 📈
Reference(s):
cgtn.com
