Page 1 of 2 12 LastLast
Results 1 to 10 of 15

Thread: Tariff increases coming May 2019

  1. #1
    Join Date
    Jul 2008
    Location
    Alexandria VA
    Posts
    13,131

    Default Tariff increases coming May 2019

    Donald Trump announced today he's increasing tariffs on China imports this coming Friday:

    https://www.washingtonpost.com/busin...=.984db0edb558

    Whether this will come to pass we will find out shortly. When the tariffs were announced last fall, all the furniture makers were quick to respond with increases. So, if you are considering a purchase of a product that might be affected, might be smart to move on it this week. This affects a lot of product, even pieces that are made in the USA that may have components from China.
    Last edited by drcollie; 05-23-2019 at 08:53 AM.
    Duane Collie
    Straight answers from thirty years in the business.
    My Private Messages are Disabled - Please ask questions here in the forum
    I ask that you do NOT call my store with general furniture questions, that is what the forum is for

  2. #2
    Join Date
    Jul 2008
    Location
    Alexandria VA
    Posts
    13,131

    Default 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 years in the business.
    My Private Messages are Disabled - Please ask questions here in the forum
    I ask that you do NOT call my store with general furniture questions, that is what the forum is for

  3. #3
    Join Date
    Jan 2018
    Posts
    200

    Default Re: Tariff increases coming soon perhaps

    Just curious, since a relatively few number of the leathers on the H&M website state where they are from. Is it only the protected leathers that come from China? Are all the full aniline and embossed leathers like caman coffee from places other than China? They have some unprotected leathers in grade 2, so i wondered if those might be Chinese also, because of the lower price. It will be interesting to see how they handle it, if they just move the Chinese hides from a price group 1 or 2 to a price group 2 or 3, or list which leathers are effected and add a premium percentage to them. Hopefully they have all this resolved by the end of the year when i will be looking at adding a recliner or ottoman. Since I am planning on a grade 5 embossed leather on the ottoman, I am hoping those are not going to be affected. It might dictate which I buy first.

  4. #4
    Join Date
    Jul 2008
    Location
    Alexandria VA
    Posts
    13,131

    Default Re: Tariff increases coming soon perhaps

    The list of affected leathers is in the original thread here:

    http://www.myfurnitureforum.com/show...al-springs-etc
    Duane Collie
    Straight answers from thirty years in the business.
    My Private Messages are Disabled - Please ask questions here in the forum
    I ask that you do NOT call my store with general furniture questions, that is what the forum is for

  5. #5
    Join Date
    Jan 2018
    Posts
    200

    Default Re: Tariff increases coming soon perhaps

    Don't know how I missed that, but it is very helpful, thank you! None of the leathers I am considering are in there.

  6. #6
    Join Date
    Jul 2008
    Location
    Alexandria VA
    Posts
    13,131

    Default Re: Tariff increases coming soon perhaps

    This new round of tariffs is causing quite a stir in executive offices of furniture makers - they are discussing how much they are going to have to add-in to cover the Federally mandated tariffs. Right now, I think we will see these increases arrive in a couple of weeks. I have been advised by some of the execs to tell my customers considering ordering pieces to get them in this week or next if they want to avoid this new round of increases. I know that sounds like a sales pitch! Truth is, I know there will be customers that didn't get the message and will call up and be upset over what will be the new prices. Anyways, it's definitely coming.
    Duane Collie
    Straight answers from thirty years in the business.
    My Private Messages are Disabled - Please ask questions here in the forum
    I ask that you do NOT call my store with general furniture questions, that is what the forum is for

  7. #7
    Join Date
    Jan 2018
    Posts
    200

    Default Re: Tariff increases coming soon perhaps

    It does sound like a sales pitch, but all you have to do is watch the news to know its true.

  8. #8
    Join Date
    Jul 2008
    Location
    Alexandria VA
    Posts
    13,131

    Default Re: Tariff increases coming soon perhaps

    Tariff increases from Hancock and Moore will be announced tomorrow, effective ONLY to hides and married covers cut and sewn in China. I'll post the info here tomorrow morning.
    Duane Collie
    Straight answers from thirty years in the business.
    My Private Messages are Disabled - Please ask questions here in the forum
    I ask that you do NOT call my store with general furniture questions, that is what the forum is for

  9. #9
    Join Date
    Mar 2019
    Posts
    20

    Default Re: Tariff increases coming soon perhaps

    Doh!

  10. #10
    Join Date
    Jul 2008
    Location
    Alexandria VA
    Posts
    13,131

    Default Re: Tariff increases coming soon perhaps

    Hancock & Moore will be instituting a 7 % increase on product that has Chinese leather-origin on their pieces effective Tuesday May 28th. Previously (since last Fall) the tariff was 3%, so this means a net increase of 4% off any quotes you may have had on this product. This includes most all of the Just in Time and a good portion of the Town and Country promotional pieces. This affects all dealers. Below is the 2018 list of leathers from China:

    Alberta
    Angelo
    Aspen
    Caress
    Cavalier
    Coventry
    Document
    Dream
    Finesse
    Juno
    Kip
    Longview
    Piazza
    Portfolio
    Revival
    Ryder
    Viking

    Leathers from other countries (Germany, Brazil, Italy, etc) are unaffected by this tariff and will not have increases. For The Keeping Room customers, I must have all orders in hand by Saturday the 25th as I am closed on Sun/Mon (26th/27th) if you want to place an order prior to the tariff increase.

    Expect other makers to be rolling out their tariff increases shortly as well.
    Duane Collie
    Straight answers from thirty years in the business.
    My Private Messages are Disabled - Please ask questions here in the forum
    I ask that you do NOT call my store with general furniture questions, that is what the forum is for

Similar Threads

  1. Price increases on the way : Hancock & Moore
    By drcollie in forum Leather Upholstery
    Replies: 3
    Last Post: 01-14-2019, 12:09 AM
  2. Replies: 1
    Last Post: 01-04-2014, 12:09 AM
  3. Hancock and Moore Price Increases effective 01/07/13
    By drcollie in forum Announcements / Quick Tips
    Replies: 2
    Last Post: 12-22-2012, 11:32 AM
  4. Sun Delivery Service increases
    By drcollie in forum Customer Reviews & Shipping Information
    Replies: 1
    Last Post: 08-29-2012, 08:45 AM
  5. Hancock and Moore Price Increases and Leather Drops 2012
    By drcollie in forum Leather Upholstery
    Replies: 4
    Last Post: 12-29-2011, 12:37 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •