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Stock impact report

White House delays new tariffs on furniture [Yahoo! Finance]

RH (RH) 
Last rh earnings: 3/30 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Higher tariff rates on those goods that were set to take effect Jan. 1 will now be delayed for another year, according to a White House fact sheet Shoppers are powering the economy even as they balk at prices In October, the White House imposed a 25% tariff on upholstered furniture, kitchen cabinets and vanities. Rates for cabinets and vanities were set to go up to 50% in 2026, while upholstered wooden furniture -- like sofas or chairs -- were set to increase to 30%. This move means that, for now, the 25% tariff stays in effect on all those goods until at least Jan. 1, 2027. The White House cited "productive negotiations with trade partners to address trade reciprocity and national security concerns with respect to imports of wood products." Furniture prices have already been going up -- the latest inflation report shows living room, kitchen and dining room furniture prices increased 4.6% in November compared to one year ago. What did holiday shopping reveal about the US Show less Read more
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