Trump Launches National Security Probe Into Furniture Imports-Home Furnishing Stocks Plunge After Hours

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Last week, President Donald Trump launched a national security probe into furniture imports into the United States, aimed at reshoring jobs and domestic manufacturing in the segment. Tariff Rate Yet To Be Decided In a Truth Social post on Saturday, Trump said, “Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” while referring to it as a “major tariff investigation” which will be concluded over the next 50 days. Trump says the move is aimed at bringing the furniture business and jobs back to the United States, especially states such...