President Donald Trump on Thursday introduced sweeping tariffs on varied family merchandise, together with imported kitchen cupboards and sure sorts of furniture – doubtlessly including much more prices to a class that has surged in value in latest months. Trump additionally introduced heavy truck tariffs and pharmaceutical tariffs Thursday.
“We will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025. Additionally, we will be charging a 30% Tariff on Upholstered Furniture,” Trump wrote in a Truth Social submit Thursday night.
Various tariffs that Trump has imposed have already boosted furniture costs significantly over the previous 12 months. Overall, furniture final month price 4.7% greater than in August 2024, in line with the Bureau of Labor Statistics. Living room and eating room furniture specifically has grown dearer – rising 9.5% over the previous 12 months, the BLS reported.
Furniture prices have surged as Trump hiked tariffs on China and Vietnam, the highest two sources of imported furniture. Both nations exported $12 billion price of furniture and fixtures final 12 months, in line with US Commerce Department knowledge.
Furniture costs had largely fallen for the previous two and a half years previous to Trump’s tariffs. But Trump stated Thursday that international producers have oversupplied the US market, and the tariffs have been essential to regain US manufacturing prowess.
“The reason for this is the large scale ‘FLOODING’ of these products into the United States by other outside Countries,” Trump stated. “It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process.”
Shares of Wayfair (W), RH (RH) and Williams-Sonoma (WSM) tumbled in after-hours buying and selling.
Trump on Thursday additionally introduced a 25% tariff on heavy trucks imported into the United States, a commerce levy designed to stage the enjoying discipline for America’s truck-making trade that has been hit relentlessly by the White House’s compounding tariffs.
“In order to protect our Great Heavy Truck Manufacturers from unfair outside competition, I will be imposing, as of October 1st, 2025, a 25% Tariff on all ‘Heavy (Big!) Trucks’ made in other parts of the World,” Trump stated in a Truth Social submit Thursday.
Previous tariffs that Trump has levied — together with 50% tariffs on metal, aluminum and copper — have raised prices significantly for US truck producers. Foreign-built trucks, together with these made by Germany’s Daimler Truck and International Motors, are sometimes manufactured in Mexico and imported tariff-free due to the US-Mexico-Canada free commerce settlement — as long as roughly two-thirds of the truck’s components have been made in North America.
Tariffs have been, partially, designed to spice up US manufacturing and give American factories a leg up over foreign-made merchandise. But metal and aluminum tariffs have shifted the supply-demand stability, elevating the worth of all metals — each imported and home. That means Trump’s tariffs have made some US-built trucks extra pricey than trucks made by international producers.
“Our Great Large Truck Company Manufacturers, such as Peterbilt, Kenworth, Freightliner, Mack Trucks, and others, will be protected from the onslaught of outside interruptions,” Trump stated in his submit on Thursday. “We need our Truckers to be financially healthy and strong, for many reasons, but above all else, for National Security purposes!”
It’s not clear, nevertheless, whether or not the 25% tariff would apply to all heavy-duty trucks or solely these that don’t adjust to the US-Mexico-Canada Agreement.
Thursday’s announcement follows an investigation that Trump ordered the Commerce Department to start in April to find out whether or not medium-duty and heavy-duty trucks imports pose a nationwide safety risk.
Trump has additionally threatened a number of different tariffs, together with lumber, semiconductors and different merchandise.