Furniture exporters bet U.S. consumers will absorb tariff blow

Trayton Group signed a deal to relocate most of its furniture production to Vietnam from China the day after Donald Trump was re-elected as U.S. President. New U.S. tariffs, announced this week, are not expected to alter the strategy, the company’s head told Reuters. The mid-sized manufacturer, which declined to disclose its revenues, ships 70% of its furniture to the United States, where its sofas and armchairs are sold either under major retailers’ brands or under its own Simon Li label, including in chains such as Costco. Trump signed on Monday a document ...