Merriam, Kansas
Henrik Svendsen, owner of My Home Contemporary Furniture, is closing his store in August due to the financial impact of tariffs resulting from President Trump’s trade war, which have made imported furniture unaffordable. Having paid $162,000 in tariffs, Svendsen’s decision affects his 10 employees, leaving them uncertain about their future employment.
Explain It To Me Like I’m 5: Henrik Svendsen is closing his furniture store in Kansas because the prices of the furniture got too high due to new taxes from the trade war, which made it hard for him to keep the store open.
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