A quick note on furniture tariffs

On September 17, 2018, the President of the United States announced that imports from China will be subject to a 10% increase on tariff which went into effect on Monday, September 24 and last up till the end of the year. Subsequently, on January 1, 2019, the tariffs will again be raised; this time up to 25%. The final release of the so called “List 3” covers most of furniture products imported from China.

Although many of our vendors are working to absorb costs as much as they can, we can expect that several of our vendors will be raising their costs on November 1.  Since this increases what we have to pay for new furniture there will inevitably be increases in the retail prices as well.  We do not yet know what those impacts will be.

Please note that the increases mentioned about are an increase in the tariffs only, in other words, retail pricing will not be going up 25%, it is the tariff that is increasing by that percentage.  However, if you have plans for purchasing new furniture for your home, you’d be wise to buy before the end of this year.