Trump says

President Donald Trump Earlier this week, tariffs were promoted as a way to bring furniture to North Carolina.

The president said on Monday that “earlier” went to the staff of Tar -hedges to “buy furniture for hotels” and that his business with furniture was “destroyed”.

“In this business, everything went to other countries, and now everything will return to North Carolina, a business with furniture,” he said.

President Donald Trump signs a number of executive orders in a white house on February 10. (Andrew Harnica / Getti Image / Getti Image)

Trump expressed a comment by discussing tariffs during the TSMC’s recently announced plans to increase his investment in US $ 100 million.

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Tariffs on imports from Mexico, Canada and China entered into force On Tuesday, the northern and southern neighbors of America were hit with 25%. Meanwhile, imported goods from China currently have another 10% tariff on them, based on the tariff of the same size that the Trump administration has already imposed in early February.

Shannon Williams, CEO of Home Furniture Association, said Fox Business in a statement that Northern Carolina “Previously, it was a thriving center for the production of furniture, using deciduous rocks” and that American manufacturers “over time has moved” elsewhere.

“I talked to the heads of the largest furniture manufacturers who supply the United States, and none of them reported the intention of either plans to return production or collection in the US from raw material tariffs, components, high cost and lack of workers,” she said.

According to Williams, some manufacturers “plan to open transactions” in Canada to get around the retaliation tariffs and “serve Canadian customers who once served as US transactions” and others are looking for consumers that cause tariff costs.

Canada posted tariffs on the return parties on many types of furniture, food, clothing and other products in the US, starting March 4. While Mexico stated that he also planned for retaliation. China has already taken steps in response to the US tariffs.

“With hundreds of millions of production jobs in Asia, even the switching of 30% of the unemployed northern kings to production (all kinds) would fill only less than 60 thousand.

Williams claimed that automation “is the only viable way to rearrange,” but noted that “few” furniture companies invest in such technology.

Interior of a shopping room of furniture with sofas (Istock / Istock)

“There is concern about increasing consumer demand and how the demand for sustainable production can be reduced,” she added. “One way or another, American consumers need to use higher expenses – due to higher production costs in the US, raw material tariffs and rising prices from products produced abroad.”

John Milikovsky, domestic and international tax lawyer, said Fox Business that tariffs may affect the export of North Carolina furniture.

Trump tariffs in China, Canada and Mexico come into force

More than 800 furniture manufacturers live in the state. Its business furniture exports goods worth more than $ 250 million annually in accordance with the North Carolina Economic Development Partnership.

It “relies on Canada from the lung access to the border,” he explained, adding that the manufacturers of furniture in the state may face “significant problems”.

“Tariffs can increase costs, break the supply chains and make high-end producers look for a lower cost that potentially affect the quality,” Milikovsky said.

“Larger furniture manufacturers have already started to change the production from China to mitigate the consequences of the tariffs, while smaller businesses will have the main cost increase,” he said. “Without the opportunity to move or adjust the supply chains quickly, these companies may encounter dismissal, reduce the business and suffer from disruptions in the supply chain.”

Milikowksy called tariffs as a “bilateral sword” for American furniture production.

“While tariffs stimulate more internal furniture production and increase branches down the current, such as leaf, companies that invest in Chinese production operations will suffer from higher prices, and these companies will have a lesser opportunity to move production to the US or other countries with smaller tariffs,” he said. “They will take time to rebuild the supply chains, shift production and source materials from tariff regions that can remodel US Furniture Industry ultimately. ”

American global furniture imports amounted to $ 32.4 billion in 2023 report Posted by Mann, Armistead and Eperson in February. Vietnam, China, Mexico, Canada, Italy, Indonesia, Malaysia, Taiwan, Thailand and India are among the leading countries.

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Companies also bleed a large number of materials needed to make furniture from other countries, according to Cnbc.

Imports from Canada and Mexico may also affect home construction.

On Wednesday, May 22, 2024, construction workers build a house for the family in Westgalem Beach, New York, New York. (Bing Guang / Bloomberg via Getty Images / Getty Images)

“Tariffs for lumber and other building materials increase the cost of construction and interfere with new development, and consumers pay for tariffs in the form of raising housing prices,” the National Association of Housing Builders warned in early February.

Trump has shown that “mutual tariffs” are going on in early April.