Overview
- The White House launched a Section 232 investigation into furniture imports that will run 50 days, with tariff rates yet to be determined.
- Import-reliant retailers fell in premarket and after-hours trading, including RH, Wayfair, and Williams-Sonoma, while Ethan Allen and La‑Z‑Boy rose on their larger U.S. manufacturing footprints.
- President Trump said the effort aims to bring furniture production and jobs back to states such as North Carolina, South Carolina, and Michigan.
- The American Home Furnishings Alliance argued tariffs would not restore large-scale U.S. manufacturing and could harm production that still occurs domestically.
- Economists told ABC News consumers will likely face higher prices if tariffs are imposed, noting recent country-specific duties on Vietnam and China and a spring rebound in furniture prices.