Will higher sofa prices really win back jobs in North Carolina and Michigan?
BREAKING: Restoration Hardware stock, $RH, falls over -8% after President Trump announces a “major tariff investigation” on furniture coming into the US. pic.twitter.com/OZwTPJyzpZ
— The Kobeissi Letter (@KobeissiLetter) August 22, 2025
“Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” he wrote, promising to complete the investigation “within the next 50 days” and revive manufacturing in swing states like North Carolina and Michigan. That’s not policy—it’s a campaign ad with economic consequences. https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-says-us-to-tariff-furniture-imports-following-investigation-200619445.html
“Stocks for some furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled after the market close,” CNBC reported. RH dropped over 8%. That’s not just volatility—it’s fear. https://www.cnbc.com/2025/08/22/trump-tariffs-furniture-trade.html
Trump called the surge in tariff revenue “beautiful,” while mocking economists who warned of recession. But the same report admits businesses “have hired fewer workers and charged higher prices gradually over the past year.” That’s not beauty. That’s erosion. https://thehill.com/business/5466577-trump-says-us-will-impose-tariffs-on-all-foreign-furniture/