New tariffs imposed under the Trump administration are causing significant disruptions for art professionals shipping works to major New York art fairs, particularly TEFAF New York. Shipping companies report a 'torturous road' as galleries navigate complex import taxes—including 7.5% on Chinese artworks, 25% on steel and aluminum sculptures, and 10% on jewelry, furniture, and design pieces—while many original artworks, antiques over 100 years old, and collector's pieces remain exempt. Galleries are modifying operations by renting booth furniture, showing items already stored in the US, and avoiding shipments from China, with some classifying antiquities broadly as 'sculpture' to simplify customs clearance.
This matters because TEFAF New York, which specializes in high-end antiques, design, and fine art, is uniquely vulnerable to tariffs that target furniture and decorative objects. The uncertainty and added costs threaten the fair's international character, as dealers become cautious about bringing new material from abroad. The situation also highlights a broader chilling effect on the art market, where logistical complexity and financial risk may reshape how galleries participate in major US art fairs, potentially reducing the diversity and quality of works on offer.