Trump vows to impose furniture tariffs. What would that mean for prices?
Source: ABC News
President Donald Trump in recent days threatened to slap tariffs on furniture, which would extend the president’s levies to an industry made up largely of low-cost imports.
The move would likely raise furniture prices as importers pass along a portion of the tax burden to consumers, analysts told ABC News, but some suppliers may ease the price pressure by swallowing costs in an effort to remain competitive in the robust U.S. market.
The details of the proposed policy remain unknown, analysts said, making it difficult to forecast the extent of the price hikes.
“If tariffs go into place, it almost certainly will increase prices for furniture – to furnish that new house or upgrade the couch the dog destroyed or whatever it might be,” Tyler Schipper, a professor of economics at the University of St. Thomas, told ABC News.
Read more: https://abcnews.go.com/Business/trump-vows-impose-furniture-tariffs-prices/story?id=124948334
Orange Anus claims this will bring the furniture industry back to the US.
= new reply since forum marked as read
The new Trump brand.
Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.