Restoration Hardware RH CEO has blunt words about tariffs

Starting in 2020 at the peak of the pandemic and for a couple of years after, housing prices exploded, and home furnishings brands did, too. 

Many Americans spent their time, and their stimulus checks, on home improvement projects and "nesting," which included redecorating their homes. 

As a result, retailers like Wayfair, Ashley and RH — formerly Restoration Hardware — boomed. 

Now, with the pandemic clearly in the rearview mirror, and partly because of the sweeping tariffs that the Trump administration is implementing, things in the home furnishings and decor sector are coming back down to earth.