Furniture stocks fall after Trump posts note on fresh furniture tariffs
29/09/2025 15:43
Updates ** Shares of furniture companies with exposure to imports into U.S. fall in early trading, after President Donald Trump's fresh tariffs on the sector ** Trump says he will share details on 30% additional tariffs he imposed on some furniture imports into U.S. last week ** "I will be imposing substantial Tariffs on any Country that does not make its furniture in the United States. Details to follow," Trump says in social media post ** "We think the industry is likely to see another round of price increases this fall in light of recent tariff developments," a UBS note says ** Brokerage says holiday decor may face price hikes, potentially altering consumer spending behavior ** Indian imports face about 50% tariff; prices may rise for rugs, fabric goods with high U.S. exposure - UBS ** Shares of online furniture retailer Wayfair W.N down ~1% at $86.36, Pottery Barn owner Williams-Sonoma WSM.N down ~4% at $193.13, while luxury furniture retailer RH RH.N down nearly 5% at $192.98 (Reporting by Anshi Sancheti in Bengaluru) ((Anshi.Sancheti@thomsonreuters.com))