Today's Flooring News

Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.

Goods & Services Deficit Fell $1.1 Billion in April

Goods & Services Deficit Fell $1.1 Billion in April

Washington, DC, June 6, 2019-The goods and services deficit was $50.8 billion in April, down $1.1 billion from $51.9 billion in March, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

25% Tariff on Chinese Flooring Pushed Back to June 15

25% Tariff on Chinese Flooring Pushed Back to June 15

Washington, DC, June 4, 2019-On May 31, the U.S. Trade Representative’s Office (USTR) announced it intends to publish a notice in the Federal Register next week that extends the amount of time for importers to enter certain goods, including flooring, exported from China before the goods will be subject to an additional tariff increase from 10% to 25%.

Aquafil Acquires O'Mara Incorporated

Aquafil Acquires O'Mara Incorporated

Arco, IT, June 4, 2019-Today Aquafil finalized the acquisition of 100% of O’Mara Incorporated for a total consideration equal to $40.5 million. The deal was completed through the Group’s U.S. subsidiary, Aquafil USA.