Ikea has responded to President Donald Trump’s decision to impose substantial tariffs on its signature product line, warning that customers may soon face higher prices as a result.
Last week, the president announced a number of new duties on patented drug imports, heavy trucks, as well as imported timber and lumber and their derivative products such as furniture and cabinetry.
“We will be imposing a 50 percent Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025,” the president posted to Truth Social on Friday. “Additionally, we will be charging a 30 percent Tariff on Upholstered Furniture.”
When approached for comment, Ikea told Newsweek: “Our goal is to offer affordable, good-quality home furnishings to everyone. In our experience across the markets we operate in, tariffs make these ambitions more difficult.”
“The tariffs are impacting our business similarly to other companies, and we are closely monitoring the evolving situation,” the Swedish company added. “We aim to minimize any potential impact on prices and ensure that IKEA remains affordable.”
This is a developing story. More to follow.