Re: Tariff increases coming soon perhaps
Boy Howdy, the new tariffs when into effect today....and on furniture from China its going to 25%. What does this mean to you? Well first of all - I have been calling around to all my suppliers looking to contact the CEO's and see what they have to say, and they are all mum right now. But folks, this is happening and its going to affect the price you pay on many items. Even things like Hancock and Moore's Just in Time Program, which is a USA-made product but most the leathers in that promotion come from a tannery in China. And the Hooker brand is really going to take a shot because so much of their product does come from China. I can't say how much percentage they will be taking, or when is effective, but it's almost surely on its way,
One thing to be aware of is that price quotes you are getting RIGHT NOW for items may not be good much longer, so please be aware that by the time you are ready to order you may very well have a price increase. If you are close to placing an order, my advice is to move on it very soon. Might save you some money. Don't think that just because its a USA made sofa, its not affected, either. Appx 1/3 of all fabrics used on sofas today come from fabric mills in China.
The furniture companies will not be absorbing this one, that I can just about guarantee.
Duane Collie
Straight answers from thirty-six years in the business.
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