How New Tariffs on Lumber, Furniture May Affect US Consumers, Industries

Starting on Oct. 14, the United States began to apply a 10 percent tariff on all imported softwood timber and lumber. Additionally, a 25 percent tariff has been placed on all imports of upholstered wooden products, typically furniture, as well as on kitchen cabinets and vanities.

Some affected by the tariffs love the idea. The American lumber industry and cabinet makers see the tariffs as a necessary move to stop foreign competitors from systematically undercutting Americans.