Trump's New Furniture Tariffs Are Lifting Some Stocks, Dragging Down Others

Imported cabinets will be subject to 50% tariffs, President Donald Trump said. Kosamtu / Getty Images Close Key Takeaways President Donald Trump's latest tariffs have led to some early winners and losers among furniture stocks. Newly announced tariffs on furniture ripped through sector stocks on Friday, lifting shares of companies with a significant domestic manufacturing footprint and dragging down high-end retailers, such as RH (RH) and Williams-Sonoma (WSM). The U.S. will impose a 50% tariff on kitchen c ...