Furniture store owner says tariffs are forcing him to close
CBS America · Older
CBS America
Older
Most will see just a furniture store when they visit My Home Contemporary Furniture in Merriam, Kansas, but for owner Henrik Svendsen, it's the culmination of his life's work. Tariffs are now threatening that. Ian Lee reports.
BreakdownGenerated by LeadStory AI
- Henrik Svensson is closing his furniture store after four years due to tariff-related cost increases. 14s
- Tariffs have raised the price of imported furniture, making it unaffordable for customers. 19s
- The store imports 99% of its furniture, with half coming from China and the rest from other countries. 51s
- Even American-made furniture is affected by tariffs, as many components are imported. 1m 1s
- The closure will result in the loss of jobs for all 10 employees, who are uncertain about their future. 1m 13s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.