The president’s prices to increase the costs of everyday items, including what many people are sitting at the moment – furniture.
Vietnam is the number one furniture manufacturer in the world. Unless an agreement is concluded, a tax of 46% on imports from there will take effect after a 90 -day break.
This is the news that the owners of Minnesofa in Plymouth, Minnesota, keep an eye on.
The name and business are new. The athletes of the Max Bjorklund and Luke Schultz college have joined forces to return furniture on Facebook Marketplace.
“We started out of my father’s garage in 2022 just after Covid,” said Bjorklund. “We have almost renovated old sofas, everything we could find at the time, fixed them to the best of our capacities, took photos and hoped that we could get sales.”
Their business has become a Plymouth store which sells new furniture made in Wisconsin and Vietnam.
On Monday, the editor -in -chief of Furniture Teday wrote: “The prices targeted from the most important and impactful sources in the furniture industry, and they could trigger the most extensive realignment of the world supply in a generation.”
As for Minnesofa, Schultz said: “I would say that uncertainty is the place where consumer feels and markets are.”
For the moment, they see an increase in business, although the weather or the imminent prices.
“We had a day of public relations. It is a personal file. We have sold the most sofas we have ever had,” said Schultz.
They savor the moment and prepare for the next one.
“If they increase our costs, we will probably have to increase prices a little, but that’s where we strive to be this budgetary store.” Said Bjorklund.
Schultz added that their business could have a thinner margin.
Minnesofa works in close collaboration with Ashley Furniture and says that they have no word for the moment price changes.
