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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“We will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025. Additionally, we will be charging a 30% Tariff on Upholstered Furniture. The reason for this is the large scale “FLOODING” of these products into the United States by other outside Countries. It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process. Thank you for your attention to this matter!”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s announcement of tariffs on kitchen cabinets, bathroom vanities, and upholstered furniture could lead to increased costs for retailers like Home Depot, Lowe’s Companies, and Williams-Sonoma, potentially impacting their stock prices negatively. The tariffs may also affect ETFs such as Vanguard Industrials ETF, Industrial Select Sector SPDR Fund, Vanguard Consumer Discretionary ETF, Consumer Discretionary Select Sector SPDR Fund, and iShares U.S. Industrials ETF, as they include companies that could face higher import costs and supply chain disruptions. Overall, the market might experience volatility as investors assess the impact of these tariffs on the affected sectors.
Here are some of the stocks that might be affected:
Home Depot ((HD)),
Lowe’s Companies ((LOW)),
Williams-Sonoma ((WSM)),
Vanguard Industrials ETF ((VIS)),
Industrial Select Sector SPDR Fund ((XLI)),
Vanguard Consumer Discretionary ETF ((VCR)),
Consumer Discretionary Select Sector SPDR Fund ((XLY)),
iShares U.S. Industrials ETF ((IYJ)).