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27.09.25 - 00:24
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US to Impose 50% Tariff on Kitchen Cabinets, Bathroom Vanities (Bloomberg)
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President Donald Trump announced that the US will enact new tariffs on imported kitchen cabinets, bathroom vanities and other home products starting October 1. RH, whose chief executive officer has been a critic of Trump's trade policy, saw its stock fall about 4% on Friday. The shares of the company, which operates the Restoration Hardware chain, had already declined 46% this year through Thursday. Bloomberg News Global Business Editor Matt Townsend joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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12.09.25 - 16:36
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Furniture Sellers Will Go Bust Without Discounts: RH CEO (Bloomberg)
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RH is trimming its full-year outlook citing pressure from tariffs and a slow housing market, the CEO says he is not afraid to push back against the Trump administration. The luxury furniture store will have to introduce steep discounts to keep consumers onboard, reports Bloomberg's Shelly Banjo. (Source: Bloomberg)...
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