Trump’s Tariff Hammer Targets Furniture Imports—Here’s What It Means for Your Wallet

Another day, another tariff threat—this time, furniture imports are in the crosshairs. The Trump administration is weighing new duties that could shake up supply chains and send retail prices soaring.

Market Impact: Retailers Brace for Squeeze

Importers and big-box stores are scrambling. Higher costs? They’ll likely get passed straight to consumers—because when has corporate America ever eaten a profit dip willingly?

Global Trade Tensions Escalate

This isn’t just about furniture. It’s another volley in the trade war playbook, and markets hate uncertainty. Supply chains twist, inflation ticks up, and your couch suddenly costs 20% more.

Investor Takeaway: Volatility Ahead

Trade-sensitive stocks? Watch out. Consumer discretionary sectors could take a hit—unless you’re betting on domestic manufacturers, who might get a temporary boost. But hey, at least the tariffs will make someone rich—probably the same folks who already are.

Tariff collections reach record monthly total

Official figures indicate tariff collections have recently hit higher monthly marks. In July, receipts exceeded $29 billion, the largest monthly total so far this year. The Treasury’s Aug. 19 “Customs and Certain Excise Taxes” report places year-to-date tariff revenue at $158.3 billion.

On Tuesday, Treasury Secretary Scott Bessent said they may use some tariff revenue to pay down the national debt. He told CNBC that he and the president are focused on it.

“I think at a point we’re going to be able to do it,” Bessent said, adding that he and President Donald Trump were “laser-focused on paying down the debt.”

“I think that we’re going to bring down the deficit-to-GDP, we will start paying down debt, and then at a point that can be used as an offset for the American people,” he said.

Bessent said this year’s tariff revenue will likely exceed the earlier $300 billion forecast. He did not offer a new number, saying only that the final figure WOULD be “substantially” higher.

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