IKEA has responded to US President Donald Trump's decision to impose new tariffs on imported goods, including furniture. The Swedish furniture giant said that its goal was to keep furniture affordable, but tariffs could make it much harder.
"Our goal is to offer affordable, good-quality home furnishings to everyone. In our experience across the markets we operate in, tariffs make these ambitions more difficult," the company told Newsweek.
IKEA further said that it was planning to keep the cost of its products as low as possible but admitted that shoppers may notice higher prices for certain furniture items. "We're almost certain that consumers will see rising prices in its stores," it said, adding the rising cost was beyond IKEA's control, for these were taxes set by the US government.
Last month, Trump announced a 50 per cent tariff on all kitchen cabinets, bathroom vanities, and associated products, starting from October 1, 2025. Upholstered furniture, such as sofas and chairs, faces a 30 per cent tariff.
"In order to make North Carolina, which has completely lost its furniture business to China and other Countries, GREAT again, I will be imposing substantial Tariffs on any Country that does not make its furniture in the US," he wrote on Truth Social.
Since 2000, the number of people manufacturing furniture and wood products in the US has dropped by half. In 2024, the US bought furniture from other countries worth about $25.5 billion, and more than half of this imported furniture came from Vietnam and China.
The US is IKEA's second-largest market after Germany, which generated $5.5 billion in sales last year.
Trump has also announced a 100 per cent tariff on any and all movies made outside of the US. He said that the movie-making business of the US had been stolen by other countries like "candy from a baby."
"California, with its weak and incompetent Governor, has been particularly hard hit! Therefore, in order to solve this long-time, never-ending problem, I will be imposing a 100 per cent Tariff on any and all movies that are made outside of the US," he said.
