Wayfair Stock News

CNBC's Jim Cramer told investors that he believes domestic furniture manufacturing is largely a thing of the past. "Some of these industries aren't probably going to come back," he said.

America's furniture sellers could soon face additional tariffs on imports. Last week, President Donald Trump announced on social media that the government was probing furniture imports to the U.S., an investigation set to wrap up within 50 days.

Shares in Wayfair, RH and Williams-Sonoma fell Monday. The White House clarifies that the furniture import probe has been ongoing since March.

US furniture stocks fell on Monday following President Donald Trump's announcement of a new tariff investigation on imported furniture.  This investigation, set to be completed within 50 days, will determine tariffs on furniture imported into the United States from other countries at a yet-to-be-determined rate.

Trump announces upcoming furniture tariffs. RH, Wayfair, Williams-Sonoma tumble.

Shares of some big furniture retailers slumped Monday after President Donald Trump announced that he will soon be slapping tariffs on imported furniture.

"This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union," Trump vowed.

Import taxes are coming in 50 days at a rate that's yet to be determined, the president says.