Source link : https://new-york.news/2025/10/17/trump-intensifies-trade-battle-with-new-tariffs-on-lumber-and-furniture/
In a bold escalation of the ongoing trade conflict, the Trump administration has imposed new tariffs on lumber and furniture imports, marking the latest chapter in its aggressive economic stance. Taking effect immediately, these measures aim to protect domestic industries but risk further straining relations with key trading partners.As the trade war intensifies, businesses and consumers brace for potential ripple effects across markets and supply chains.
Trump Elevates Trade Tensions with Fresh Tariffs on Lumber and Furniture
The latest round of tariffs announced by the Trump administration targets key sectors of the American supply chain, with new duties imposed on imported lumber and furniture products. Industry insiders warn this move could exacerbate costs for manufacturers and consumers alike, possibly disrupting ongoing trade negotiations. The tariffs, set at a substantial 15%, are expected to increase prices across the board, affecting everything from raw materials to finished household goods.
Details of the tariff implementation include:
- Scope: Applies to all imported lumber and specific categories of wooden and upholstered furniture.
- Effective Date: Imposed immediately, with trade partners given a 30-day adjustment period.
- Industry Impact: Timber suppliers and furniture manufacturers anticipate supply chain delays and higher production costs.
| Category | Tariff Rate | Projected Price Increase | Major Exporting Countries |
|---|---|---|---|
| Lumber | 15% | Up to 12% | Canada,… |
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Author : Charlotte Adams
Publish date : 2025-10-17 10:12:00
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