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Home Improvement, Design, and Decorating
Reply to "New tariffs coming on: kitchen cabinets, bathroom vanities, upholstered furniture and more"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it’s important to know. It helps with planning. I’m putting my kitchen and bath renovations off until 2029. It’s just smart. [/quote] 75% of the cost of remodels is labor, not materials. It's insignificant unless one is buying gaudy cheap materials from overseas. If one was already buying American products, there is no difference. [/quote] It’s closer to 2/3 and 1/3. I finished a $500k remodel two years ago, and I would have been unhappy to spend almost an additional $100k in tariffs. Increasing 1/3 of a renovation budget by 50% is going to cause an overall increase of 17%, not to mention the cost of delay in getting materials. And American products will increase their prices because they can. This is how tariffs work. If you are an American company making cents on the dollar because your labor costs so much more than labor in country X, and now all of a sudden, tariffs are making country X’s products 1.5 times as expensive, then it’s obvious that you will and should increase your prices. American cabinetmakers have already had to increase their prices due to tariffs on imported wood and metal hardware. Cabinets “made in America” consist of 30+ components coming from all over, many of which are tariffed. [/quote]
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