US furniture maker closes North Carolina factory after 10 months amid high costs

Bruce and Chaya Krinsky, founders of TOV Furniture, opened a factory in High Point, North Carolina, hoping to respond to US tariffs by bringing some production home. The plant closed after just 10 months, with 45 workers laid off, as its costs proved too high for the company’s mid-market business.

TOV had built a roughly $100 million-a-year business around sofas that originally sold for about $900, using factories in China before shifting some production to Vietnam. The article says tariff plans targeting both countries threatened to push sofa prices towards $2,000, while US production remained more expensive even after accounting for shipping and tariff savings. Krinsky, who said he had voted for Trump three times, described the effort to make the American factory work as “constantly punched in the gut”.