Why Is RH Stock Falling Friday? - RH (NYSE:RH)

RH (NYSE: RH) stock traded lower Friday as the home furnishings retailer faced fresh tariff headlines and updated its manufacturing and spending plans for the coming years.U.S. President Donald Trump unveiled new import levies, including a 100% duty on branded or patented drug imports beginning Oct. 1 unless companies build in the United States, plus a 25% tariff on heavy-duty trucks and a 50% tariff on kitchen and bathroom cabinets, reports BBC.He also said the U.S. will impose a 30% duty on upholstered fu ...