New Delhi: India’s furniture industry faces a serious challenge after U.S. President Donald Trump announced hefty tariffs on imported furniture, including 30% on upholstered furniture and 50% on kitchen cabinets and bathroom vanities. The move is part of a broader U.S. strategy to boost domestic manufacturing and reduce the trade deficit.
India exports a substantial portion of its furniture to the U.S., and these tariffs could lead to higher production costs, reduced profit margins, and a decline in export volumes. Manufacturers warn that increased prices may make Indian furniture less competitive compared to alternatives from other countries or domestic U.S. producers.
Industry experts suggest that companies may need to diversify export destinations, enhance product differentiation, and explore cost optimization to mitigate potential losses. Additionally, diplomatic negotiations could play a key role in ensuring continued market access for Indian exporters.
The tariffs highlight the vulnerability of India’s export-dependent sectors to sudden international trade policy changes. Stakeholders are now weighing strategies to safeguard the industry while maintaining competitiveness in the global market.