The biannual event brings together thousands of people from around the world to see the latest furniture designs.
High Point Market Authority President & CEO Tammy Covington says the market has a major impact on the Tar Heel State's economy.
"$6.7 billion comes to the state of North Carolina as a result of this event. 15,000 jobs just making the event happen," she said.
This year's market is coming at a unique time in the furniture industry.
Earlier this month, the Trump Administration rolled out tariffs on imported lumber and furniture.
The president has said the purpose of the furniture tariffs would be to make North Carolina's furniture industry great again.
From designers to large-scale buyers, they say the impacts of these trade disputes are starting to be seen more.
Cicely Samuel is the owner of A View Within, a Durham-based interior design studio. Samual was at the Market to source projects she's working on.
"You're just more keen on where you're sourcing from because there's greater impact at this juncture," she said. "It's tariffs, it's where it's coming from, timing. It's cost and timing. Those are the big things."
Warren Harrington Jr. is in the early stages of creating a Raleigh-based furniture company.
"We came to see our suppliers just so we can start up the division that has the furniture for both commercial and residential," he said.
He says they're already being put on notice about the potential impact of tariffs.
"I do construction and we've already received letters from some of our suppliers that the tariffs will increase the price, which has to be passed on to the owner or to the
consumer," he said.
Harrington says even though the industry is volatile right now and the tariff situation can change on any given day, they're hoping to have more furniture sourced from the U.S.
"We prefer to stick with those that are made here because we have a longer lead time if we have to go and import them," said Harrington.
Still, some tell ABC11 News the impacts of the tariffs are just starting to be seen and it's too early to know exactly how this will impact the industry as a whole.
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