Tariffs

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Home Furnishings Association
GOP Lawmakers & Economists Agree, Tariffs Are a Tax Increase

This tax season, lawmakers and economic leaders are reminding the American public that tariffs are taxes. From constitutional concerns about executive overreach to warnings about rising consumer prices, an increasing number of Republican lawmakers worry that tariffs will weigh American families down with burdensome costs despite the recent 90-day pause

Reciprocal Tariffs And Stock Market Crash and economic drop or declining stock market prices due to global tariff wars as inflation and economic decline as a 3D illustration
Home Furnishings Association
4/10/25 Update: Tariffs Pause and Supply Chain Disruption

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.

US and China Shipping Containers. Image created by Freepik.com
Home Furnishings Association
4/4/25 Update: Reciprocal Tariffs and De Minimis No More

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

Navigating Liberation Day Tariff Updates as HFA Sets off to DC

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

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Home Furnishings Association
What Retailers Should Know About Tariffs

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

Economic Tariffs Concept. America tariffs on EU. Crisis, Trade and economic war. Trade shipping containers in port with yellow tape tariffs
Home Furnishings Association
3/28/25 Update: HFA Joins Trade Leaders in Opposing Costly Shipping Tariffs

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

Cargo ship being off loaded in a Shipping Port.
Home Furnishings Association
3/21/25 Update: Tariffs, Shipping Fees, and Economic Shifts

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

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Home Furnishings Association
3/14/25 Update: Steel, Lumber & Economic Policy Changes

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

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Home Furnishings Association
Debunking 5 Myths About the Economic Benefits of Universal Tariffs

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

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Home Furnishings Association
3/7/2025 Update: Tariffs and US Trade Developments

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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