Tariffs threaten Ikea’s affordable pricing

Ikea has warned its U.S. customers of potential price increases following new tariffs imposed by President Donald Trump on imported furniture and lumber. The new tariffs, effective October 14, 2025, include a 10% duty on softwood timber and a 25% tariff on kitchen cabinets, bathroom vanities, and upholstered furniture. These rates are expected to rise in January 2026, potentially reaching up to 50% on certain products from countries deemed “non-cooperative.” The U.S. is Ikea’s second-largest market after Germany, generating USD 5.5 billion in sales last fiscal year. However, approximately 90% of Ikea ...

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