Trade policy again took center stage this week as the Trump Administration announced a dramatic shift in its approach to reciprocal tariffs. While the headlines may seem distant from day-to-day operations, these decisions are poised to significantly impact the home furnishings industry, from sourcing and pricing to inventory and logistics.
Tariffs and trade are front and center of President Trump’s domestic economic agenda. On Day 1 of his Administration, the President signed the America First Trade Policy Executive Order, which laid out a broad trade agenda, including an aggressive push for across-the-board tariffs and reciprocal tariffs. As the early April
The Home Furnishings Association (HFA) is closely monitoring the recent tariff updates affecting exports, which have had significant impacts across multiple regions: 46% from Vietnam, 34% from China, 32% from Taiwan, and 20% from the EU. Recently, manufacturers have responded in diverse ways to mitigate the effects of these tariff
Retail furniture retailers work hard to offer their customers a diverse selection of stylish and affordable home furnishings. Many of these products are sourced through international supply chains, ensuring a range of high-quality options at competitive price points. As policymakers weigh various trade policy proposals, it’s crucial for furniture retailers
The Home Furnishings Association (HFA) remains committed to advocating for policies that support furniture retailers and the broader home furnishings industry. In a recent effort, HFA joined over 115 industry associations in opposing the U.S. Trade Representative’s proposed shipping tariffs, which could significantly increase costs for businesses and consumers. While
Several significant governmental actions have emerged this week, directly influencing home furnishings retailers and manufacturers. Understanding these policy changes is crucial for industry stakeholders to navigate the evolving landscape effectively and mitigate potential financial impacts. From rising shipping fees on Chinese-built ships to shifting trade regulations to sustainability mandates, staying
Congress Must Prioritize American Business by Extending Tax Cuts & Reducing Business Regulations One of President Donald Trump’s top campaign promises was to open the floodgates for businesses to thrive in the U.S. economy once again. The best way to deliver on that promise is to protect existing tax rates,
This week, several significant government policies have surfaced that directly impact home furnishings retailers and manufacturers. From increased tariffs and trade enforcement, environmental regulations, and lumber import scrutiny to economic policy, these changes will shape supply chains, pricing strategies, and business operations. Here’s what you need to know: Tariffs on
Americans Want Affordable Goods, Healthy Economy & Safe Nation U.S. trade policy has been at the epicenter of discussion in the nation’s capital, with broad universal tariffs at the core of the conversation. To assign some facts to the debate about the impact of across-the-board tariffs, particularly on consumers and
Week of March 7, 2025 As home furnishings retailers, staying informed about legislative and trade developments is crucial for navigating our industry’s evolving landscape. This week, several significant actions by the U.S. government have emerged, potentially influencing our industry now and in the future. 1. Implementation of New Tariffs on
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The Future of Home Furnishings Retail with Todd Wanek Join Todd Wanek, President and CEO of Ashley Furniture Industries, LLC, for a webinar on the
