2025 Tariffs Info

Here’s what we do know April 2025:

• Tariffs were announced on countries where many of the hard surface products that Hopkins Carpet One Sells.
• LVT will be the category most impacted as approximately 80% of the LVT sold in the U.S. is manufactured outside of the U.S.
• Tariffs, when imposed, will be collected on new inventory entering the U.S. from the tariffed country. At this time, inventory exists in the U.S. on most of the impacted products meaning that retail costs will not be impacted immediately.
• The date when a cost increase might be passed through is unknown. We will work with each supplier individually and provide updates.
• Many of the tariff rates (%) announced April 2025 might change in the near term as tariffed countries adjust the tariffs that they impose on goods imported from the U.S.

We will continue to gather additional information and consult with our suppliers. As we gather more information, we’ll pass any news through. We anticipate providing regular updates over the next couple of weeks.

Mohawk update 4/4/2025:

As you may be aware, the recent implementation of tariffs on imported finished goods and raw materials have significantly impacted the cost structure within our industry. We are in the process of calculating what the final impact of these changes will be, and plan to share those details as soon as possible.

As of today, we estimate that price increases of approximately 20% to 35% will be applied to our hard surface products, and increases of 3% to 7% will be applied to our soft surface products when these changes go into effect.