Trump, tariffs and furniture
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President Donald Trump threatened Monday to impose “substantial Tariffs on any Country that does not make its furniture in the United States,” he wrote in a Truth Social post. “Details to follow!!!” he added.
Unlike some of its competitors, IKEA remains largely reliant on the physical retail experience. Rivals like West Elm and Crate and Barrel now get more than half their revenue from online sales. IKEA U.S. only does some 35% of its sales online—but that is triple the rate it boasted when Quiñones became CEO in 2019.
Here's what to know about the anticipated consumer impact of the new tariffs, according to experts: In a social media post late Thursday, Trump proposed a 50% tariff on home goods such as kitchen cabinets and bathroom vanities, as well as a 30% tariff on upholstered furniture.
Trayton Group signed a deal to relocate most of its furniture production to Vietnam from China the day after Donald Trump was re-elected as U.S. President. New U.S. tariffs would not change the strategy,
President Trump is unleashing a new round of tariffs on furniture with the stated goal of reviving North Carolina's furniture manufacturing industry. Why it matters: After the South lured factories and thousands of jobs from the North with the promise of cheap labor in the mid-20th century,
HIGH POINT, N.C. (WTVD) -- Furniture business owners say they're optimistic that new tariffs on foreign furniture could spark a renaissance of North Carolina's furniture industry.
The weather-resistant Dossena Wicker set has dropped from $1,142 to just $320, making luxury outdoor entertaining suddenly affordable for autumn gatherings.
The family-owned New Deal Furniture El Paso will close its doors forever with a final store liquidation starting on October 2. The store will hold its going-out-of-business sale on Thursday, Oct. 2, at its location at 7130 Gateway East,