President Donald Trump announced Tuesday on Truth Social that he plans to impose new tariffs on furniture imports in an effort to revive U.S. manufacturing, particularly in North Carolina, which he said has "completely lost its furniture business to China and other countries." Trump said details of the tariffs will be released soon.
- Trump posted the tariff plan Tuesday morning on Truth Social.
- The move targets countries that export furniture to the U.S. without domestic production.
- Trump emphasized North Carolina, historically a hub of U.S. furniture manufacturing, as a key beneficiary.
- Details on the scale and timeline of tariffs are expected to follow.
Relevant Companies
- Ethan Allen ($ETD) – U.S. furniture retailer and manufacturer could see stronger demand if tariffs raise prices on imports.
- La-Z-Boy ($LZB) – Domestic manufacturer may benefit from reduced foreign competition.
- Wayfair ($W) – Online furniture seller relies heavily on imports and could face higher costs from tariffs.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
