Steel Tariffs Send Patio Furniture Prices Soaring

Tariffs Drive Up Patio Furniture Prices: Consumers Face Higher Costs This Summer Outdoor patio furniture prices are expected to skyrocket this summer due to significant tariffs on steel, a key component in manufacturing. The increased costs are impacting businesses and consumers alike, according to Justin Moore, a financial expert and the creator of the popular TikTok channel, TheD3List. "Things have gotten so bad that certain outdoor furniture-making companies have already paid in the millions of dollars worth of tariffs," Moore said in a recent video. "They're saying they can't take much more before they go out of business." Moore explains that many patio furniture manufacturers are facing a double whammy: a 25% tariff on steel itself, plus another 20% tariff on imports containing steel. This is causing significant price increases, leaving consumers with the choice of paying more or doing without. The situation highlights the broader economic challenges of inflation and the impact of trade policies on everyday goods. The situation is expected to worsen unless the tariffs are reduced or removed. The impact will be felt by consumers who are already struggling with rising living costs. This is a significant issue for consumers who are planning on purchasing outdoor furniture this summer.