Trump Trade: Trump delays furniture tariff increases for another year

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.

FURNITURE TARIFFS: In an announcement dated December 31, 2025, the White House stated: President Donald J. Trump signed a Proclamation invoking Section 232 of the Trade Expansion Act of 1962 to delay increases in tariffs for upholstered furniture, kitchen cabinets, and vanities for another year. The United States continues to engage in productive negotiations with trade partners to address trade reciprocity and national security concerns with respect to imports of wood products. The United States will therefore delay the increase in tariff rates for upholstered furniture, kitchen cabinets, and vanities that was set to take place on January 1, 2026, under the September 29, 2025 Proclamation for an additional year. The current 25% tariff on certain upholstered furniture, kitchen cabinets, and vanities, as imposed under the September 25, 2025 Proclamation, will remain in effect.” Retailers of furniture and home goods include RH (RH), Wayfair (W), Arhaus (ARHS), Ethan Allen (ETD), Williams-Sonoma (WSM), Target (TGT), Walmart (WMT) and Amazon (AMZN).

BREATHING ROOM: Mizuho reiterates an Outperform rating on Wayfair after the Trump administration earlier this week moved to delay increasing certain tariff rates by one full year to January 1, 2027. Tariffs of 25% will remain in place for upholstered furniture instead of going to 30%, with kitchen cabinets and vanities also holding at 25%, instead of going to 50%, the firm tells investors in a research note. Mizuho views the news “as giving some breathing room” for the sector and for Wayfair. The firm expects “another leg higher” for Wayfair shares with lighter tariffs being seen as a positive.

$2.73B ARMY CONTRACT: Boeing (BA) was awarded a $2.73B firm-fixed-price contract for Apache post-production support services. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of Dec. 31, 2030. Army Contracting Command is the contracting activity.