President Trump announced Friday that his administration is investigating imported furniture for potential tariffs , sending shares of major home goods companies tumbling in after-hours trading.

Trump said the probe would be wrapped up within 50 days, after which furniture imports would face duties at rates “yet to be determined.”

“This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union,” Trump posted on his Truth Social platform.

The tariff threat hammered stocks of companies heavily reliant on foreign manufacturing. Wayfair, RH and Williams-Sonoma all saw their shares plunge following Trump’s announcement. 3

Wayfair, whose stock fell by more than 6% after the closing bell on Friday, imports much of its furniture

See Full Page