Thinking about sprucing up your home? You might want to move fast! President Trump has announced new tariffs targeting furniture. In a recent post on Truth Social, he stated that starting October 1, 2025, there will be a 50% tariff on kitchen cabinets and bathroom vanities, and a 30% tariff on upholstered furniture.
Furniture prices have already jumped this year, especially for imports from China and Vietnam, which supply about 60% of the U.S. furniture market. If you’ve been considering an upgrade, now may be the time to act before prices potentially rise even more.
Impact of the Tariffs
Major retailers like Wayfair and Williams Sonoma are already seeing declines in their stock prices—6% and 3%, respectively. This means consumers can expect higher prices not just for imported pieces, but possibly for American-made furniture as well, since the materials often come from abroad.
Interestingly, not every furniture company will immediately pass on these costs to customers. Some may absorb the tariffs for a while. Zak Stambor from eMarketer noted that many holiday goods will be imported before October 1, so sales might not feel the pinch right away. However, this does create another hurdle for retailers in an already tough housing market.
What You Can Do
In light of potential price hikes, it could be a good moment to get creative with your existing furniture. Upcycling or refreshing what you already own might be a smart route. There are plenty of ways to give your space a fresh look without the stress of rising costs.
In summary, keep an eye on these tariffs as they could impact your home decisions in the coming years. And who knows? You might find that your own creativity can lead to a beautiful living space without breaking the bank.
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Donald Trump, imported furniture, Williams Sonoma, Upholstered Furniture, furniture store, furniture imports, furniture prices
