These Popular Home Items And Upgrades Could Get Pricier Under Trump's New Tariffs
If you were thinking of upgrading your home or hoping to score some amazing modern furniture and decor that won't break the bank, you might want to act quickly. President Donald Trump's latest wave of tariffs will target — among other things — furniture. In a Truth Social post on Thursday, September 25, Trump announced, "We will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025. Additionally, we will be charging a 30% Tariff on Upholstered Furniture."
This past year has already seen a major increase in furniture prices, especially on pieces imported from places like China and Vietnam. These countries are two of the largest suppliers for imported furniture in the U.S., accounting for nearly 60% of the nation's furniture imports. So if you weren't already, you might want to upgrade your cabinets in anticipation of these latest tariffs.
What to expect from Trump's latest furniture tariffs
Popular furniture and decor stores including Wayfair and Williams Sonoma who rely heavily on imported furniture are already feeling the sting, with shares dropping 6% and 3% respectively. As consumers, you can expect to see increased pricing on kitchen cabinets, bathroom vanities, and upholstery from other stores that count on imported furniture such as RH, Wayfair, Ashley Furniture, Williams Sonoma, and more. There is even potential for American-made furniture to suffer price hikes as a result of these tariffs, as materials like wood, textiles, and metal are often imported.
Although the furniture tariffs are cause for concern, there is a slight chance that it won't affect you too much, at least not right away. Some furniture companies may look into other ways to absorb the new costs rather than passing them down to the customer. Those that do pass the prices down to consumers likely won't do it immediately. Zak Stambor of eMarketer told BNN Bloomberg that, "Tariffs take time to trickle down to consumers. Most holiday goods will be imported before Oct. 1, so the new duties are unlikely to dent sales. But they add another hurdle for home improvement and home furnishings retailers, already grappling with a stagnant housing market." Either way, now might be a great time to start learning how to upgrade furniture you already have for a new look.