The White House postpones the rise in furniture tariffs for one year.

The U.S. has postponed tariff increases on upholstered furniture, kitchen cabinets, and vanities for another year, maintaining the current 25% tariff rate. Previously, the tariffs were set to rise to 50% for cabinets and 30% for upholstered items. This decision comes amid ongoing discussions with trading partners about wood product imports, aimed at addressing national security concerns linked to reliance on foreign timber. Retailers like Lovesac and La-Z-Boy are adapting their strategies in response to these tariffs, including price adjustments and sourcing changes.