Overview

• Trump directed his administration to complete a probe of furniture imports within 50 days.
• He said imported furniture will face new tariffs by October at a rate that has not yet been set.
• Furniture and bedding prices rose 0.4% in June and 0.9% in July, with office, recreation and patio categories up about 1.5% to 1.6% month over month.
• China and Vietnam are identified as the top sources of imported furniture, and recent tariff hikes on those countries have coincided with higher prices.
• The action advances a wider tariff campaign, with higher duties under consideration for goods such as copper, semiconductors and pharmaceuticals.