
"He announced a 30% tariff on imports of upholstered furniture starting next Wednesday. And we're seeing Wayfair fall around 3.5%. Now, Wayfair has a model that is heavily dependent on imports."
The new 30% tariff on upholstered furniture is adversely affecting companies like Wayfair, which relies heavily on imports. This news suggests a negative near-term impact on its share price due to cost pressures.
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Company Opinion