Inflation data already shows imported furniture prices up 9.5% year-over-year
Furniture prices are expected to climb after the Trump administration’s new tariffs on imported furniture, kitchen cabinets, lumber, and other housewares took effect Tuesday.
The levies, announced on September 29, range from 10% to 50% and target imports from major suppliers such as China, Vietnam, and Mexico.
President Donald Trump said the move would protect US manufacturing and stop foreign goods from “flooding” the domestic market.
Impact on consumers
Economists warn the new duties could raise costs for Americans, especially those building or remodeling homes.
Goldman Sachs estimates consumers will shoulder 55% of added costs, while US businesses and foreign exporters will bear 22% and 18%, respectively.
Inflation data already shows imported furniture prices up 9.5% year-over-year, with furniture and bedding rising 4.7% and household furnishings 2.8%.
White House defense
White House spokesman Kush Desai said the tariffs are pushing companies to expand production in the US. He acknowledged a “transition period” but insisted the long-term benefits—job growth and stronger domestic manufacturing—will outweigh short-term costs.
Broader economic effects
The International Monetary Fund (IMF) said the tariffs have been less disruptive than expected but cautioned that their full impact is yet to unfold.
Economists expect further price hikes as supply chains adjust and import costs ripple through the housing and home goods sectors.