Tariff Quote Watch: La-Z-Boy No Slouch in Tackling China Tariffs, Vietnam a Risk — Panjiva
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Tariff Quote Watch: La-Z-Boy No Slouch in Tackling China Tariffs, Vietnam a Risk

China 3048 Cons. Discr. - Durables 574 Quote Watch 452 Tariffs 1866 U.S. 5399

The furniture industry continues to struggle with the impact from U.S. duties applied to Chinese exports which were initiated in Sept. 2018 and increased to 25% in May 2019. La-Z-Boy’s CEO, Kurt Darrow, has noted “tariffs and associated rhetoric in the marketplace continue to impact the home furnishing’s industry” in terms of higher costs. The firm has a “global supply chain and North American-centric manufacturing” that has led it to increase sourcing from Vietnam and away from China. Seaborne shipments linked to La-Z-Boy from Vietnam represented 61.5% of imports in the three months to ...

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