Tariffs

What New US Tariffs Mean for Home-Furnishing Industry

Trump announced that he will introduce new tariffs targeting countries that export furniture to the United States, as well as specific furniture products.
What New US Tariffs Mean for Home-Furnishing Industry
The assembly line at Wellborn Cabinet’s headquarters in Ashland, Ala. Courtesy of Wellborn Cabinet
Panos Mourdoukoutas
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News Analysis

President Donald Trump has stepped up the pressure on the global furniture industry to shift production from China and other countries to the United States, after raising concerns over a flood of imports that have resulted in the complete loss of business for some states. Some experts offered insights into the short- and long-term effects of these tariff measures.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”