‘Total turmoil’ as Trump tariffs slam home-goods industry, consumers
The tariffs, announced on Truth Social on Sept. 25 by President Trump, include a 30% levy on upholstered furniture, and 50% on kitchen cabinets and bathroom vanities.
“People haven’t been able to trade over or up in housing for so many reasons,” said Maggie Kulyk, founder and CEO of Chicory Wealth, a wealth advisory firm. “Wages have not kept pace with the inflation of the housing market. Then interest rates rose. So you’ve got people who are quite literally stuck in place. And now they want kitchen cabinets. Well, they’re going to pay more and they might not get them for a long time.”
September 25, 2025 / by buffalobuilt
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