As President Donald Trump’s new tariffs hammered retail and clothing stocks on Thursday, shares of upscale furniture chain RH were among the biggest losers — plunging to their biggest percentage drop ever,

RH shares plunged in extended trading Wednesday after the furniture maker issued a weaker-than-expected outlook and said it's facing “the worst housing market in almost 50 years.”

The executive also pointed out that the home furnisher has been contending with the “worst housing market in almost 50 years.”