Trump Announces Tariffs on Lumber, Furniture, and Pharmaceuticals Impacting Housing and Industry
TL;DR Summary
President Trump announced new tariffs of 10% on imported timber and lumber, and 25% on kitchen cabinets, bathroom vanities, and upholstered furniture, starting October 14, citing national security concerns and economic impacts on US industries, with plans to increase duties in the future.
- Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture Reuters
- Trump places a 10% tariff on lumber and a 25% tariff on furniture and cabinets CNN
- Trump Officials Flesh Out Tariffs on Kitchen Cabinets, Furniture and Timber The New York Times
- What to know about Trump’s new pharmaceutical tariff plan The Hill
- Trump’s new tariffs will slam America’s already brutal housing crisis vox.com
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