Impact of 25% Tariff Reinstated on All China-Made LVT Flooring

China is currently one of the major suppliers of the popular vinyl tiles or planks that resemble hardwood floors and snap together during installation and the restoration of the 25% tariffs is projected to again increase their price significantly. https://www.timesfreepress.com/news/business/aroundregion/story/2020/aug/07/us-slaps-tariffs-back-china-made-luxury-vinyl/529359/

“What we think is going to happen is, the reverse of what happened last year, and the industry will have to increase prices to cover the tariffs….” Jeff Lorberbaum, president and CEO of Mohawk Industries

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