Global Furniture Trade
Industry Leaders Call for Stability as Tariff Uncertainty Continues in Furniture Sector
Despite a major U.S. court ruling invalidating certain tariffs, the global furniture industry continues to navigate persistent trade duties and policy uncertainty impacting retailers, exporters, and investors.
Malaysia Strengthens Its Position in the Global Furniture Market
Malaysia continues to strengthen its standing in the global furniture market, ranking among the world’s top exporters and supplying furniture to more than 160 countries. With a strong focus on innovation, sustainability, and export-driven manufacturing, the country’s furniture industry remains a vital contributor to international trade and economic growth.
Trump Administration Raises Tariffs on $200 Billion Worth of Imports to 15%, Including Furniture Components — Impact Ripples Through Global Trade
The U.S. government announced a tariff increase from 10% to 15% on approximately USD 200 billion in imported goods. Furniture industry stakeholders warn that elevated duties on furniture parts and products may raise import costs and pressure prices for retailers and consumers.
Malaysian Ringgit Hits Multi-Year High; Furniture Exporters Say Strong Currency Not Hitting Their Bottom Lines
Malaysian furniture exporters remain confident despite the ringgit strengthening against the US dollar. Industry players cite tariff advantages over China, resilient US demand, and cost efficiencies as key factors sustaining export performance.
Regional Furniture Events: Empowering Local Craftsmanship and Global Collaboration Across Asia, Europe, and Africa
Discover regional furniture events across Asia, Europe, and Africa celebrating craftsmanship, sustainability, and innovation driving global furniture industry growth.
