AssetID: 55138845
Headline: Trump Announces New Tariffs on Lumber, Furniture, and Cabinets
Caption: President Trump orders a 10% tariff on imported softwood lumber and timber starting October 14. A 25% tariff will apply to kitchen cabinets, vanities, and upholstered wooden furniture beginning the same date. Tariffs on cabinets and furniture will increase on January 1 to 50% and 30% respectively.
Keywords: Current Affairs & Politics,Donald Trump,tariffs,lumber,timber,softwood,kitchen cabinets,vanities,upholstered furniture,Canada,US manufacturing,national security,housing costs,Wayfair,RH,Williams-Sonoma,trade policy,import duties,furniture industry,homebuilding,economic impact,supply chains,industrial resilience,consumer prices,housing market,foreign imports,trade disputes
PersonInImage: