The price of leather furniture may increase if it is made in China. The value added tax refund rate for Chinese exports has decreased. This rate change was made to help reduce the amount of production from environmentally unfriendly manufacturers. Some prices for leather furniture have already increased by 5% to 10% because of this rate change.
Some major US furniture importers believe that the price increase will only affect leather furniture manufactured with leather hides imported into China. If you are shopping for leather furniture, you can expect prices to increase in the near future.
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