A Northwest Georgia flooring company expects to take an approximately $50 million hit as a result of President Donald Trump’s tariffs, and it plans to compensate in part by raising prices.
Mohawk Industries, which is based in Calhoun, Georgia, brought in about $10.9 billion in 2024 and employs 42,000 people worldwide. It’s one of the globe’s largest suppliers of carpet, rugs, wood flooring and more.
“At this point, the tariff amounts and the effect on consumer spending and housing are still evolving,” CEO Jeffrey Lorberbaum said in an earnings call last week. “We will take the appropriate actions to manage the impact of tariffs as needed.”
At the current 10% tariff rate, Lorberbaum said he expects Mohawk will see costs of about $50 million, which the company plans to address through price increases and supply chain adjustments.
(READ MORE: Mohawk Industries sues makers of products containing ‘forever chemicals’)