Potential 900 Percent Tariffs on Mattresses Could Wallop Consumers

This post was originally published on this site

Commentary When import tariffs are under discussion in Washington, D.C., they typically revolve around rates of 5 percent to 25 percent on foreign goods. But what about duties on imported household items that can reach 300 percent, 500 percent or even 900 percent? Those are the tariff rates that some in Congress and the Trump administration propose on imported bedding products and mattresses. Rates that high could drive some mattress prices from the $100 or $200 range to above $1,000. Talk about sticker shock. There is a classic clash in Washington between big-name domestic mattress producers, such as Missouri-based Leggett & Platt and Georgia-based Elite Comfort Solutions against the importers. This group includes Utah-based bedding company Malouf and retail home goods giant Ashley HomeStore. These tariffs would not be imposed on adversaries, such as China, Iran or Russia, but on allies, including Vietnam, Thailand, Malaysia, Indonesia, and Serbia. It isn’t …

What do you think?

Written by The Baron

Leave a Reply

Your email address will not be published. Required fields are marked *

Biden Denies Voter Fraud, Claims Election Victory

Arizona Lawmakers Urge Congress to Count Alternate Slate of Trump Electors