To bolster domestic furniture production, President Trump intends to impose tariffs on foreign-made furniture after the conclusion of a 50-day review. “I am pleased to announce that we are doing a major tariff investigation on furniture coming into the United States,

It’s part of an effort to bring furniture manufacturing back to the U.S. Currently, China and Vietnam are the biggest exporters.

Shares in some furniture sellers lost ground in after-hours trading Friday after U.S. President Donald Trump said their industry would face taxes on imported products within 50 days. Trump wrote in a social-media post that his administration is “doing a major Tariff Investigation on Furniture coming into the United States.”