How potential tariffs on timber imports could impact furniture prices
Big US furniture names like Wayfair, RH, and Williams-Sonoma saw their stocks take a hit this week after the White House announced a federal investigation into timber and lumber imports in March 2024, which President Trump recently referenced on social media.
With the possibility of new tariffs being discussed, everyone's watching closely—especially since about 70% of US household furniture sales come from imports.
What are companies doing?
Wayfair says its flexible supplier network helps keep prices steady even when things get unpredictable.
RH is shifting some production to North Carolina to rely less on Chinese imports.
Bassett Furniture has already bumped up wholesale prices by 5% thanks to existing tariffs from places like Vietnam and India.
If more tariffs land, imported furniture could get pricier for shoppers, but US-made pieces might get a boost.
For now, companies are waiting for the investigation results before making any big moves.