-10.8 C
Ottawa
Friday, December 12, 2025

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

Date:

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.

About the author: Austin Alonzo
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

Trump Signs Order to Limit Proxy Advisors Influence on Shareholder Votes

President Donald Trump signs an executive order in the...

Oracle Stock Tumbles as Wall Street Shifts Focus to AI Debt Risks

US multinational computer technology company Oracle's logo is pictured...

New Real Estate Listings Fall as Housing Market Cools, Redfin Says

A "For Sale" sign near a home in Austin,...

Beijings Escalating Aggression Cements USJapan Alliance: Analysts

Japan's Prime Minister Sanae Takaichi (R) and U.S. President...