In recent months, Trump has placed country-specific tariffs on top furniture exporters. Products from Vietnam face a 20% tariff, for instance, while Chinese imports encounter a 30% levy.

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

The Trump administration is undertaking a 50-day investigation into the furniture market, with pending tariffs likely to revive the nation's furniture industry.