In this breaking news segment from Fox Primetime on August 25, 2025, former President Donald Trump announces a significant tariff investigation into imported furniture.
This move could lead to higher tariffs on furniture imports, aiming to bolster domestic manufacturing.
The investigation is expected to conclude within 50 days, with potential tariffs impacting companies heavily reliant on imports.
Stocks of major furniture retailers such as RH, Wayfair, and Williams-Sonoma have already experienced declines following the announcement.
Conversely, U.S.-based manufacturers like Ethan Allen and La-Z-Boy saw modest gains, benefiting from their domestic production.
Analysts warn that higher tariffs could drive up consumer prices and lower long-term demand, while transitioning more production to the U.S. may be costly and slow.
Stay tuned as we delve into the potential impacts of this investigation on the furniture industry and the broader economy.