Featured
article
- Get link
- X
- Other Apps
Trump’s Tariffs on Lumber and Furniture Spark Trade Tensions, Raise Cost Concerns
The US says new tariffs on imported lumber aim to protect national security
U.S. President Donald Trump’s latest round of tariffs officially took effect Tuesday, targeting imports of softwood lumber, upholstered furniture, and kitchen cabinets. The new measures impose a 10% duty on lumber and 25% tariffs on furniture and cabinetry, with some rates set to rise further in early 2026.
The White House has framed the move as an effort to protect American industries and strengthen national security, but the decision is already drawing sharp criticism from Canadian producers, who supply a significant share of U.S. lumber and wood products. Industry experts warn that the tariffs could push up construction costs and add pressure to an already strained housing market.
Canadian officials have expressed concern that the duties will hurt cross-border trade and undermine the spirit of the U.S.-Mexico-Canada Agreement (USMCA). Meanwhile, U.S. consumers may soon feel the impact in the form of higher prices for homes, furniture, and renovations.
The tariffs mark the latest escalation in Trump’s broader trade strategy, which has steadily increased the average U.S. tariff rate to its highest level in decades.
Popular Posts
Trump's Six Words: "I'm Going to Stop the Wars"
- Get link
- X
- Other Apps
Smart Savings for a Sharp School Start: Canadian Parents’ 2025 Guide
- Get link
- X
- Other Apps
Comments
Post a Comment