Trump sets 10% tariff on lumber imports, higher rates on wooden products

Trump sets 10% tariff on lumber imports, higher rates on wooden products


U.S. President Donald Trump signed a proclamation on Monday to set a 10% tariff rate on imports of lumber and 25% on vanities, kitchen cabinets and upholstered wooden products, the White House said.

Andrew Harnik | Getty Images News | Getty Images

U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on imported kitchen cabinets, bathroom vanities and upholstered furniture, with the rate on the latter categories to jump next year.

Trump signed a presidential proclamation laying out his argument that timber, lumber and furniture imports are eroding U.S. national security to justify the new duties under Section 232 of the Trade Act of 1974.

The proclamation said the tariff rates would start on October 14, but added that duties will increase on January 1 to 30% for upholstered wooden products and to 50% for kitchen cabinets and vanities imported from countries that fail to reach an agreement with the United States.

The action is the first in three sectors that Trump said last week would get steep new duties as early as October 1, including patented pharmaceutical imports, and heavy truck imports. But Monday’s proclamation sets the start of the lumber and furniture duties two weeks later, at 12:01 a.m. EDT (0401 GMT) on October 14.

Trump’s proclamation said wood product imports are weakening the U.S. economy, resulting in the persistent threats of closures of wood mills and disruptions of wood product supply chains and diminishing utilization of the U.S. domestic wood industry.

“Because of the state of the United States wood industry, the United States may be unable to meet demands for wood products that are crucial to the national defense and critical infrastructure,” the statement said.

The order added that wood products are used for “building infrastructure for operational testing, housing and storage for personnel and materiel, transporting munitions, as an ingredient in munitions, and as a component in missile-defense systems and thermal-protection systems for nuclear-reentry vehicles.”



Source

Meta, Microsoft and Apple to report earnings. What the charts show, according to Katie Stockton
World

Meta, Microsoft and Apple to report earnings. What the charts show, according to Katie Stockton

Megacap earnings kick off this week and are especially important for the major indices, given the ” Magnificent 7 ” account for roughly a third of the S & P 500 Index . From a technical perspective, we focus on their setups heading into the earnings prints to assess whether the probabilities favor positive or […]

Read More
AI spending wasn’t the biggest engine of U.S. economic growth in 2025, despite popular assumptions
World

AI spending wasn’t the biggest engine of U.S. economic growth in 2025, despite popular assumptions

Meta’s 5-gigawatt “Hyperion” data center under construction in Richland Parish, Louisiana, on January 9, 2026. Meta The popular narrative that artificial intelligence is the engine keeping the U.S. economy alive appears to be overstated, according to recent analyses. The AI boom has reshaped market valuations, driven large investments and record bond issuance to finance data […]

Read More
American AI coding agents are impressive. But so are China’s
World

American AI coding agents are impressive. But so are China’s

Information on Zhipu’s AI service on the web, dubbed Z.ai, arranged on a computer in Shanghai, Jan. 7, 2026. Raul Ariano | Bloomberg | Getty Images There’s a new Chinese model gaining buzz among developers: Zhipu AI’s GLM 4.7. That in itself is not new, but what did catch our attention was where it’s becoming […]

Read More