Wayfair's stock tumbled after President Trump announced potentially higher tariffs on the imports of furniture into the U.S.

Home furnishings retailers RHRH, Williams-Sonoma and WayfairW tumbled on Monday after President Donald Trump late Friday announced plans to impose tariffs on furniture imports. Please watch the video at Investors.

The move would likely raise furniture prices as importers pass along a portion of the tax burden to consumers, analysts told ABC News, but some suppliers may ease the price pressure by swallowing costs in an effort to remain competitive in the robust U.