Furniture stocks slide on Trump tariff threat, La-Z-Boy gains
Furniture retailers Wayfair, Williams-Sonoma, and RH fell up to 5.6% after Trump said he would announce new tariffs on furniture imports in 50 days, aiming to revive US manufacturing. La-Z-Boy, with mostly domestic production, rose nearly 3%. Retail sentiment stayed bullish on RH and WSM, with investors eyeing bargains despite weak demand from high inflation and sluggish housing sales.