Is RH About to Get Hit by President Trump's Tariffs?

RH (NYSE: RH), the company formerly known as Restoration Hardware, is no stranger to the trade war, but things might be set to go from bad to worse.President Donald Trump just announced a new round of tariffs set to go in effect on Oct. 1, saying he would impose import taxes on furniture, among other categories. There will be a 30% tariff on imported upholstered furniture, and a 50% tariff on imported kitchen cabinets, bathroom vanities, and related products. It's clear if that is in addition to already existing tariffs, as Trump announced the tariffs in a series of posts on Truth Social.RH stock sold off on the news, trading down 3.3% on Friday afternoon. The home furnishing stock has long been volatile as its business model has the potential to yield high profit margins, but the company is sensitive to the macroeconomic environment, and the stock is down sharply from its peak due in part to challenges related to the weak housing market and a pullback in discretionary spending.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool