2 Furniture Stocks Respond to Trump Tariff Updates
Shares of Wayfair Inc (NYSE:W) and RH (NYSE:RH) are reacting to President Donald Trump's tariff updates and inflation data that was in line with estimates. Specifically, the Trump administration announced a 50% levy on kitchen cabinets and bathroom vanities made abroad, as well as a 30% tariff on upholstered furniture. W is up 0.9% to trade at $85.71 at last check, reversing premarket losses after snapping a three-day losing streak yesterday. The security sports a 92.3% year-to-date lead, and has been testi ...