Why RH Rallied To Start The New Year
Shares of luxury furniture-maker RH (NYSE: RH) were up strongly to start 2026, rising 9.6% as of 2:52 p.m. EDT.
RH rallied along with its furniture sector peers on news that the Trump Administration's harsh furniture tariffs, initially announced back in September, wouldn't increase as expected until 2027, amounting to a one-year delay.
In September, the Trump administration imposed a 25% tariff on imported upholstered furniture, kitchen cabinets, and vanities. Moreover, the tariff rate on upholstered furniture was set to rise to 30%, and the tariff rate on cabinets and vanities was set to rise to 50% on January 1. However, President Trump signed an executive order just before the new year, delaying those increases until 2027, citing progress on trade talks as the reason.
Source Fool.com
