Furniture retailers will benefit from Trump's decision to delay further increasing tariffs on imported furniture. The housing market looks set for a modest rebound, which would drive higher spending on home furnishings.
The White House said it was delaying the higher tariffs until Jan. 1, 2027, due to ongoing trade talks, not because it was retreating from its tariff agenda.
Shares of several furniture retailers surged on Friday morning after the Trump administration delayed a planned increase in tariffs on certain imported goods. The higher duties had been scheduled to take effect on Thursday, but President Donald Trump on Wednesday announced a year-long pause on increased levies for upholstered furniture, kitchen cabinets, and vanities.
Shares of furniture retailers like RH and Wayfair rose after President Donald Trump delayed an increase in tariffs. The higher duties were previously expected to take effect on Thursday.
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