RH, Wayfair shares rise after Trump delays furniture tariffs again
Shares of furniture retailers rose in early Friday trading after President Donald Trump delayed an increase in tariffs.
TL;DR
- President Trump delayed higher tariffs on upholstered furniture, kitchen cabinets, and vanities.
- Tariffs on upholstered furniture will remain at 25%, instead of increasing by 30% in 2026.
- Luxury retailer RH, Williams-Sonoma, and Wayfair saw their stock prices increase following the announcement.
- Trump cited ongoing trade discussions as the reason for the delay.
- Furniture suppliers have faced scrutiny over rising costs due to Trump's focus on import tariffs.