Published on, Aug. 24 -- August 24, 2025 2:22 AM
President Donald Trump said on Friday his administration will conduct a "major" tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already seeing tariff-fueled price increases.
"Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined," Trump said in a post on Truth Social.
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Furniture retailer RH - previously known as Restoration Hardware - (RH.N), opens new tab shares fell 7.5% in after-hours trading on Trump's announcement.
Trump said the investigation will be co...
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