10% vs. 30%? Tariff rates are key topic in furniture conversations


HIGH POINT — The uncertainty around tariffs continues to be a major talking point in discussions between manufacturers, retailers and designers as the home furnishings industry plans for the remainder of 2025 and beyond.

Some manufacturers report that they are working with their internal legal teams to attempt to address the current tariffs while also maintaining ongoing conversations with their dealers to try to work toward solutions amidst the uncertainties that remain.

One point of confusion is this week’s announcementfrom the White House administration outlining a reduction in tariffs for China, which is currently 30% on imports from China, a rate that includes the 10% reported as well as the previous 20% tariff imposed in response to the “fentanyl national emergency.”

Per the White House fact sheet:

“The United States will remove the additional tariffs it imposed on China on April 8 and April 9, 2025, but will retain all duties imposed on China prior to April 2, 2025, including Section 301 tariffs, Section 232 tariffs, tariffs imposed in response to the fentanyl national emergency invoked pursuant to the International Emergency Economic Powers Act, and Most Favored Nation tariffs.”

See also:

Carlos Bosch, president of Violino USA, has been communicating with his dealers about the new tariffs. Bosch told Today that he understands why confusion is present and notes that he is maintaining a strategy of transparency, frequent communication and support.

Carlos Bosch

“Read the fine print, and know the complete picture,” said Bosch. “Some of the information out there is clear as mud, so digging in and having access to tariff experts helps a lot.

“We developed a plan and worked with our customers one by one to make sure we executed with precision. We continue to work through these changes as they come, but at the core we want to try and be a good partner to our dealers. These are tough times for everyone, so working closely with our retailers is important,” Bosch said.

Previously, Bosch explained that he has adopted a 10-day strategy approach rather than a 10-year version. As the tariff conversation continues to evolve, he emphasizes that will adjust accordingly.

“Our sails are pointed to work with the winds that we have right now. When and if they change again, we will be ready,” he said. “Now we are like a good NFL head coach, we game plan for the following Sunday. Do not overreact, plan and execute. Rinse and repeat.”





Credit to Source link

Leave a Comment