Italian wood-furniture sector flags 30% U.S. tariffs as major threat

European furniture manufacturers face serious risks as a proposed 30 percent tariff on EU exports to the United States could come into effect as early as August 1, industry leaders said. That is top of mind for Italian furniture and home industry leaders, as a 30 percent duty on exports as early as Aug. 1 would be a dramatic blow to business. Until now, firms have held strong and pledged, for the most part, merely to raise prices for the U.S. consumer. The consequences will be severe and impact jobs and growth if duties rise even further, design ...