Trump furniture tariff announcement sends retail stocks lower

President Trump announced plans for "very substantial" tariffs on imported furniture, sending shares of Ashley Furniture, Williams-Sonoma, RH, and Wayfair down 8–15% in a single session. The announcement came without a published rule or comment period. Approximately 65% of US furniture is imported, primarily from Vietnam, Malaysia, and China, making the sector among the most tariff-exposed in consumer retail.