Trump targets imported furniture: Tariffs likely in 50 days; market reacts sharply

Donald Trump announced a major investigation into imported furniture, potentially leading to new tariffs. This move aims to revitalise furniture businesses in states like North and South Carolina, and Michigan. Following the announcement, stocks of retailers like Wayfair and Williams-Sonoma, heavily reliant on imports, declined. Conversely, La-Z-Boy, a US-based manufacturer, saw its stock rise.