Furniture Manufacturers NAICS 3371, 3372

Sep 26, 2025 - US Imposes 30% Tariff on Upholstered Furniture Imports

• According to Furniture Today, President Trump announced a new 30% tariff on upholstered furniture imports, effective October 1, citing concerns over excessive foreign supply and the need to protect domestic manufacturing. Additional tariffs were also introduced on branded drugs, heavy-duty trucks, kitchen cabinets, and bathroom vanities. It remains unclear whether these new tariffs will be layered on top of existing ones. Following the announcement, shares of major home furniture retailers such as Wayfair, Williams Sonoma, and RH declined. The development is significant for the furniture industry as it may lead to increased production costs, supply chain disruptions, and pricing volatility. Retailers and manufacturers reliant on imported components or finished goods will need to reassess sourcing strategies and inventory planning. The tariff could also shift competitive dynamics, favoring domestic producers while pressuring margins and consumer pricing.
• Furniture and Related Products manufacturing is one of the 10 manufacturing industries reporting contraction in August’s Manufacturing ISM Report on Business. Furniture and Related Products manufacturers reported a decrease in production, lower order backlogs, slower supplier deliveries, and lower employment, while reporting high customer inventories and higher raw materials prices. Other industries reporting contraction were Paper Products; Wood Products; Plastics & Rubber Products; Transportation Equipment; Machinery; Electrical Equipment, Appliances & Components; Computer & Electronic Products; Chemical Products; and Fabricated Metal Products. Seven manufacturing industries reporting growth during the period were Textile Mills; Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Food, Beverage & Tobacco Products; Petroleum & Coal Products; Miscellaneous Manufacturing; and Primary Metals. Overall, economic activity in the manufacturing sector contracted for the sixth consecutive month in August, with the Manufacturing PMI registering 48.7%.

• Nearly two-thirds of furniture and home furnishings retailers fear that tariffs will disrupt business operations and are taking action to find ways to share tariff costs, according to new statistics revealed at a panel during the Las Vegas Market reported in Furniture Today. The panel also revealed that half of retailers don’t know what to tell customers about the tariff effects. Panelist Doug Cofiell, CEO of Ivystone Group, said vendors are raising prices or adding surcharges due to tariffs, which means new prices on already purchased merchandise that range from 5% to 15% higher. He added that seasonal vendors of Halloween and holiday merchandise are the hardest hit, estimating that only 70% of holiday orders will arrive on time. City Furniture owner Keith Koenig said he was able to negotiate with many factories overseas to share the financial burden of tariffs, with some partners absorbing nearly half of the costs.
• Furniture manufacturers may benefit from an expected 5% increase in dorm/apartment furnishings spending in 2025, reaching $12.8 billion, according to an annual back-to-college spending survey by the National Retail Federation and Prosper Insights and Analytics in Home Furnishings News. In addition to dorm or apartment furnishings, the other top back-to-campus spending categories were electronics, clothing and accessories, food, and personal care items. Total back-to-college spending is expected to reach $88.8 billion in 2025, up from $86.6 billion a year ago. While overall spending is on the rise, the per-person spending for back-to-college fell to an average of $1,325 from $1,364 in 2024, which can be attributed to higher-income households continuing to spend while lower-income households cut back across categories due to economic uncertainty. College-bound families are making budget-minded choices, such as buying used or refurbished items and using buy now or pay later services.