• bitcoinBitcoin(BTC)$67,544.00-1.31%
  • ethereumEthereum(ETH)$1,970.58-0.78%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$621.98-1.66%
  • rippleXRP(XRP)$1.36-0.61%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$83.17-2.86%
  • tronTRON(TRX)$0.2862310.35%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.01-2.69%
  • dogecoinDogecoin(DOGE)$0.090028-1.03%
  • whitebitWhiteBIT Coin(WBT)$53.98-1.46%
  • USDSUSDS(USDS)$1.000.01%
  • cardanoCardano(ADA)$0.255488-1.74%
  • bitcoin-cashBitcoin Cash(BCH)$450.01-0.35%
  • leo-tokenLEO Token(LEO)$9.060.11%
  • HyperliquidHyperliquid(HYPE)$30.420.35%
  • moneroMonero(XMR)$350.190.93%
  • chainlinkChainlink(LINK)$8.72-1.05%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • CantonCanton(CC)$0.153203-0.30%
  • stellarStellar(XLM)$0.150382-1.28%
  • USD1USD1(USD1)$1.000.02%
  • RainRain(RAIN)$0.009022-1.32%
  • daiDai(DAI)$1.00-0.01%
  • hedera-hashgraphHedera(HBAR)$0.095937-1.45%
  • paypal-usdPayPal USD(PYUSD)$1.000.01%
  • litecoinLitecoin(LTC)$53.66-0.13%
  • avalanche-2Avalanche(AVAX)$8.94-0.53%
  • suiSui(SUI)$0.90-0.84%
  • zcashZcash(ZEC)$206.88-1.53%
  • the-open-networkToncoin(TON)$1.30-1.85%
  • shiba-inuShiba Inu(SHIB)$0.000005-0.77%
  • crypto-com-chainCronos(CRO)$0.074842-1.59%
  • tether-goldTether Gold(XAUT)$5,148.760.21%
  • World Liberty FinancialWorld Liberty Financial(WLFI)$0.096744-3.27%
  • MemeCoreMemeCore(M)$1.532.75%
  • pax-goldPAX Gold(PAXG)$5,183.840.04%
  • polkadotPolkadot(DOT)$1.45-2.91%
  • uniswapUniswap(UNI)$3.79-1.99%
  • mantleMantle(MNT)$0.68-0.67%
  • Pi NetworkPi Network(PI)$0.22841813.47%
  • okbOKB(OKB)$100.904.53%
  • Circle USYCCircle USYC(USYC)$1.120.00%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • BittensorBittensor(TAO)$184.004.28%
  • Falcon USDFalcon USD(USDF)$1.000.04%
  • AsterAster(ASTER)$0.69-1.18%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • SkySky(SKY)$0.0729421.58%
  • aaveAave(AAVE)$109.26-1.97%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Trump unveils 10% tariff on wood, delays 25% duties on kitchen cabinets, furniture

September 30, 2025
in Business
Reading Time: 3 mins read
A A
Trump unveils 10% tariff on wood, delays 25% duties on kitchen cabinets, furniture
ShareShareShareShareShare

President Trump on Monday unveiled new 10% tariffs on wood imports, while also delaying 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture by two weeks to Oct. 14.

YOU MAY ALSO LIKE

Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

NYC doesn’t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders

In a White House proclamation, Trump shared details on incoming tariff blasts that he initially announced in social media posts last week, though he didn’t expand on proposed rates on pharmaceutical drugs and heavy trucks.

He warned that tariffs on upholstered furniture will jump to 30% and rates on kitchen cabinets and bathroom vanities will increase to 50% on Jan. 1, 2026, unless foreign nations are able to reach trade agreements.

Trump shared details on incoming tariff blasts that he initially announced in social media posts last week. Getty Images

Like many of his other tariffs, Trump used national security concerns as justification for the import taxes.

He is currently awaiting a Supreme Court decision on whether that route is overstepping his presidential authority, after two lower courts struck down the vast majority of his import taxes.

The Trump administration argued that mass imports of softwood lumber are taking a hammer to the US economy, nodding to the closure of US wood mills.

“Wood products serve as essential inputs across multiple sectors, supporting national defense, critical infrastructure, economic stability, and industrial resilience in the United States,” the proclamation said.

“It is vital for the United States to possess manufacturing capabilities in the wood and lumber sector to ensure readiness and guarantee the national security.”

It’s a detrimental hit to Canada, which is the largest supplier of softwood lumber to the US and already faces steep anti-dumping tariffs of approximately 35%.

President Trump on Monday unveiled new 10% tariffs on wood imports. AFP via Getty Images

Canada is still trying to negotiate lower US tariff rates on its goods. 

In the meantime, the country said it would offer up to C$1.2 billion – or about $870 million – in aid to its lumber manufacturers.


Follow The Post’s live coverage of President Trump and national politics for the latest news and analysis


In the proclamation, Trump said the United Kingdom, the European Union and Japan “will enjoy more favorable treatment” since they have already clinched trade deals with the US.

Trump delayed 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture by two weeks to Oct. 14. AP

Tariffs on wood imports from the UK will not exceed 10%, while rates on wood from the EU and Japan will not surpass 15%.

His statement made no mention of the US’ deal with Vietnam in July on a 20% tariff rate.

This agreement has yet to be formally documented. 

Start your day with all you need to know

Morning Report delivers the latest news, videos, photos and more.

Thanks for signing up!

In 2018, during his first term, Trump slapped Chinese furniture with 25% tariffs.

Mexico and Vietnam have since emerged as growing producers.

Earlier this year, as the Commerce Department investigated lumber imports over national security concerns, the US Chamber of Commerce came out in fierce opposition to tariffs on wood imports.

The White House warned that tariffs on upholstered furniture will jump to 30% on Jan. 1, 2026. Getty Images

“Imports of these goods do not represent a national security risk,” the Chamber of Commerce said in April. 

“Imposing tariffs on these goods would raise costs for US businesses and home construction, undermine the export success enjoyed by the US paper industry, and reduce incomes in many US  communities.”

Credit: Source link

ShareTweetSendSharePin

Related Posts

Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations
Business

Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

March 6, 2026
NYC doesn’t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders
Business

NYC doesn’t have enough hotel rooms for FIFA World Cup, must suspend Airbnb restrictions: business leaders

March 6, 2026
Restaurants turn to mini cocktails to lure customers in age of Ozempic
Business

Restaurants turn to mini cocktails to lure customers in age of Ozempic

March 6, 2026
Dow falls 560 points, US oil surges to  as Trump demands Iran surrenders
Business

Dow falls 560 points, US oil surges to $90 as Trump demands Iran surrenders

March 6, 2026
Next Post
Kia recalls more than 39K vehicles over faulty HVAC system that can cause fire

Kia recalls more than 39K vehicles over faulty HVAC system that can cause fire

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Capcom’s long-delayed Pragmata is now arriving a week earlier

Capcom’s long-delayed Pragmata is now arriving a week earlier

March 6, 2026
Iran Live Updates: Trump Says U.S. Should Have Role in Picking Iran’s Leader – The New York Times

Iran Live Updates: Trump Says U.S. Should Have Role in Picking Iran’s Leader – The New York Times

March 5, 2026
Iran Conflict Selloff Rattles Tech Stocks | Bloomberg Tech 3/3/2026

Iran Conflict Selloff Rattles Tech Stocks | Bloomberg Tech 3/3/2026

March 4, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!