Advice in Times of Tariffs
Purchasing local or regional furnishings will help avoid extra cost and delays (Photo: Modern Studio)
In times of international tariffs, purchasing furniture can seem daunting, but you can still navigate the challenges effectively. Here's how to make informed choices and maximize value.
Research and Understand Tariffs: Stay informed about which products are affected by tariffs. Focus on domestic manufacturers or retailers that may not be impacted, as they can offer competitive pricing without the additional costs.
Prioritize Quality Over Quantity: Investing in quality furniture now will reduce the need for replacements later. Look for items made from durable materials that have a timeless appeal. The long-term savings in durability can outweigh the short-term costs.
Explore Local Options: Supporting local artisans and businesses can not only provide unique pieces but also help you avoid additional shipping fees associated with imported goods. Check out local furniture stores or custom makers who can deliver specialized products without tariff implications. And don’t forget that IWI is a huge fan of local and regional auction houses where you can find quality home goods and art for fair prices. Another big advantage of local and regional buying is avoiding shipping delays.
Timing Your Purchase: Watch for seasonal sales and promotions that may offer reduced prices. End-of-season sales or holiday events often yield significant discounts, allowing you to buy desirable furniture while sidestepping tariff-related price hikes.
Consider Alternative Materials: If you have your eye on specific styles that are affected by tariffs, explore alternatives made from different materials. Often, you can find similar aesthetics at a lower cost.
Negotiate: Don’t hesitate to engage with retailers. They may be willing to work with you on pricing, especially during challenging economic times.
Stay Flexible: Be open to adjusting your choices based on availability and pricing. The right piece might come from an unexpected source.
By following these strategies, you can confidently approach furniture purchasing during times of international tariffs. Work with your designer to focus on informed decision-making, quality investment, and local sourcing to achieve both style and value in your home.
In 2022, China exported 40% of America’s new furniture. How will that change with the advent of tariffs?