As the landscape of tariffs continues to shift, consumers are left wondering about the impact on their furniture and decor purchases. The Trump administration’s tariff policies have created uncertainty in the market, leading to potential price hikes for imported goods. Jonathan Ernest, an economics professor, explains that tariffs are likely to drive up the cost of furniture and decor, affecting both imported and domestically produced items.
US-based furniture manufacturers relying on imports from countries like Canada and Asia are expected to face price increases of up to 20%. The biggest impact is anticipated on supplies from Asia, particularly upholstered furniture from China, Vietnam, and Indonesia, with prices possibly rising by 20 to 40%. Even American-made products may see price hikes due to decreased price competition from foreign suppliers.
Brands have started responding to the tariff implications, with some announcing price increases to offset the additional costs. MillerKnoll, Steelcase, and RH are among those adjusting their pricing strategies. Smaller brands like Sabai and Areaware are also bracing for cost hikes, with expectations of retail price increases in the near future.
However, American manufacturers using domestic materials are better positioned to maintain stable prices. Companies like Copeland Furniture and Loll Designs, which predominantly rely on US-made components, aim to keep their pricing unaffected by tariffs. The Joinery, a handcrafted furniture company, is also strategizing to mitigate potential price hikes by absorbing current cost increases.
For consumers navigating the uncertain market, buying decisions become crucial. The timing of furniture and decor purchases is key, with prices expected to continue rising. Experts recommend purchasing upholstered products, wood furniture, and items from retailers like IKEA sooner rather than later. Anticipating the price volatility, consumers are advised to act promptly to secure desired items.
To avoid paying more due to tariffs, shoppers can opt for American-made products using domestic materials. Checking product labels for manufacturing origins and prioritizing in-stock items can help mitigate tariff impacts. Shopping locally at brick-and-mortar stores and exploring secondhand options are also suggested strategies to navigate the changing market conditions.
Despite the challenges posed by tariffs, there are opportunities for consumers to make informed choices and support domestic manufacturers. By understanding the implications of tariffs on furniture and decor prices, individuals can make conscious purchasing decisions that align with their preferences and budget constraints.