10 Firms Take a Beating on Tariff Worries

1. RH (NYSE:RH)

Luxury furniture retailer RH plunged by 40.09 percent on Thursday to end at $149.39 apiece as investors reacted negatively to President Donald Trump’s reciprocal tariffs alongside the company’s dismal earnings performance.

RH sources a number of its products from overseas, including China and other Asian countries which were Trump’s recent target of steep tariffs.

During the company’s earnings call, RH CEO Gary Friedman was caught cussing after the stock’s price drop.

“Oh sh—I just looked at the screen,” he was quoted as saying.

Friedman said it was not a secret that RH sources products from Asian countries, but said that the company was not alone.

“Anybody of scale in the home business has a high percentage of their content coming out of Asia,” he said.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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