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Trump Orders Tariffs on Timber, Lumber, Kitchen Cabinets
Bloomberg Television· 2025-09-30 07:21
What do we know about these new round of tariffs from the Trump administration. And it's a right force of tariffs there, isn't it, Joumanna. I mean, this is what it is, one of the latest iterations of the sectoral tariffs that the Trump administration has introduced.Very recently, we saw the same thing in the pharma industry. And this follows an investigation by the U.S. government into the market conditions, which means that this is a sectoral tariff. And the method they use means that it is it is not subj ...
Ethan Allen CEO on Trump’s furniture tariffs: It’s good if it helps us bring manufacturing back
CNBC Television· 2025-09-29 15:57
The president this morning threatening quote substantial tariffs on any country that doesn't make its furniture in the United States. It comes just days after he announced plans to impose a 30% tariff on upholstered furniture and a 50% tariff on all kitchen cabinets and bathroom vanities. Our next guest is a major player in the furniture industry.Joins us this morning with his outlook. Let's bring in Ethan Allen, CEO for Rukqari. We should note the company's market cap is $736 million.We love having you in ...
X @Bloomberg
Bloomberg· 2025-09-29 13:50
President Donald Trump said he would levy new tariffs to boost the domestic film and furniture industries through a pair of sweeping, yet confusing, plans https://t.co/HZM8kCy7UE ...
IKEA Has Lowered Prices, Amid Trade Chaos, Brodin Says
Bloomberg Television· 2025-09-22 13:40
The furniture industry facing global headwinds, yet consumers are remaining resilient. Yes, but Roland is the CEO of Inter Group, the largest IKEA franchisee operating most of the branch stores. Yes, but joins us now for more.Yes, but welcome to New York. It's good to see you. Wonderful to be here.How are things going. Because we heard from Restoration Hardware and the RH CEO was on the earnings call dropping F-bombs. And I imagine a lot of people are having similar issues at the moment, trying to sell furn ...
We're in an 'anything goes' moment with tariffs, says Jim Cramer
CNBC Television· 2025-08-26 23:27
If we wipe out an industry in this country because it's cheaper to make the stuff overseas, is that a national security risk or are we just nostalgic for a different time when America was still a manufacturing powerhouse. Last week, the president talked about an ongoing 232 investigation making it furniture. 232, mind you, being a national security kind of tariff president has control over.The president's apparently worried about supply chain risk for furniture. Something that seems a little strange, but we ...
X @Investopedia
Investopedia· 2025-08-25 17:01
Shares of some big furniture retailers slumped Monday after President Donald Trump announced that he will soon be slapping tariffs on imported furniture. https://t.co/PQl7K0F2ud ...