Tag: Ikea
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Ikea Faces Price Pressure as Trump Announces Tariffs on Furniture and Cabinets
Trump’s tariff move and its scope In the early hours of Friday, the United States announced a tariff plan that targets several imported goods, including the kind of furniture often stocked in the showrooms of global retailers. President Donald Trump said tariffs would be imposed on medicines, trucks, and, notably for retailers, furniture and kitchen-…
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Trump tariffs threaten Ikea prices as US market braces
Tariffs on the horizon: what the plan entails In a late-week announcement on Truth Social, President Donald Trump said tariffs would rise across several import categories to push domestic production. The plan would include 50 percent tariffs on kitchen and bathroom cabinets and related products, starting October 1, 2025, and a 30 percent tariff on…
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Ikea Faces Pricing Challenge as Trump Tariffs Rise in the US
The tariff news and Ikea’s US market significance President Donald Trump announced, via Truth Social, that tariffs on select goods including kitchen cabinets, bathroom cabinets, and upholstered furniture will rise in the United States. He said 50% tariffs will apply to cabinets and related products starting October 1, 2025, with a 30% duty on upholstered…