Trump Announces Furniture Imports Probe, Setting Up Tariffs (2)

President Donald Trump said the US is conducting a “major Tariff Investigation on Furniture coming into the United States,” setting the stage for industry-specific levies.

“Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” Trump said in a social-media post on Friday, claiming the move would revitalize domestic furniture makers in the US.

Shares of furniture retailers tumbled in extended New York trading. Wayfair Inc. slid as much as 10%, RH fell as much as 9.9%, Arhaus Inc. fell ...