Goldman Sachs Warns Furnishings Sector: Tariffs Could Hit Hard
The furniture and home furnishing sectors are being hit hard over the Trump administration’s latest round of tariffs released on Tuesday. Goldman Sachs warns that some higher costs may not be easily passed on to consumers by specialty retailers. In effect, manufacturers could be facing reduced profits if they can’t pass the higher prices on to consumers.
Apparel and footwear were spared, while furniture, appliances and other consumer goods were hit.
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