An important policy announcement that could directly impact your business.
On September 25, President Trump announced on Truth Social that, beginning October 1, the U.S. will impose:
- A 50% tariff on kitchen cabinets, bathroom vanities, and associated products
- A 30% tariff on upholstered furniture
At this time, it remains unclear whether wood furniture and casegoods will be considered part of the “associated products” category. We are actively seeking clarification from federal agencies, as this definition will determine the scope of impact for furniture retailers.
HFA has and will continue to engage policymakers and share the retail perspective in these important discussions. For furniture retailers, these tariffs present both challenges and questions. Higher costs from tariffs may need to be passed along to consumers, which could dampen demand at a time when families are already managing tighter household budgets. Retailers may also face difficult decisions about product sourcing, vendor relationships, and long-term merchandising strategies.
Our commitment is to ensure that retailers are not overlooked in policymaking. As this policy develops, HFA will continue working to provide our members with the best available information and guidance.
Sincerely,
Peter Theran
CEO, Home Furnishings Association
