Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture

Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture

Tariffs will take effect on Oct 14 and rise on Jan 1 to 30% for upholstered wood products and 50% for kitchen cabinets from countries without a trade deal with the US.

donald trump sign
A presidential proclamation signed by Donald Trump cited timber and furniture imports as security risks, backing new duties. (EPA Images pic)
WASHINGTON:
US 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 US 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 Oct 14 but added that duties will increase on Jan 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 US.

The action is the first in three sectors that Trump said last week would get steep new duties as early as Oct 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 12.01am EDT (0401 GMT) on Oct 14.

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

“Because of the state of the US wood industry, the US may be unable to meet demands for wood products that are crucial to national defence 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-defence systems and thermal-protection systems for nuclear-reentry vehicles.”

Stay current - Follow FMT on WhatsApp, Google news and Telegram

Subscribe to our newsletter and get news delivered to your mailbox.