On Thursday night, September 25, 2025, President Donald Trump announced new tariffs on furniture imports. The tariffs include a 50% duty on kitchen cabinets, bathroom vanities and related products effective October 1, and a 30% duty on upholstered furniture. These measures are intended to protect domestic manufacturers from a "large scale flooding" of imported goods.
MillerKnoll, which sources a significant portion of its materials from overseas, has noted that the tariffs could raise its cost of goods sold. The company owns or rents 75% of its manufacturing and showroom space in the United States and has previously raised prices and introduced a surcharge to offset tariff costs. The new duties are expected to increase the cost of imported components used in its furniture lines.
While the tariffs may benefit U.S. manufacturers with domestic production, they also pose a cost pressure on MillerKnoll, which relies on imported materials for many of its high‑end products. The company’s management has indicated that it will monitor the impact closely and adjust pricing or sourcing strategies as needed to mitigate the tariff effect.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.