US Edition
Trump's Wood Tariffs Take Effect, Raising Home Costs
Tariffs aim to protect U.S. wood industries and address national security, potentially raising homebuilding costs by $2,200, according to Capital Economics.
- US President Donald Trump’s tariffs on imported timber, furniture, and kitchen cabinets took effect on Oct 14, according to a statement from the White House.
- The tariffs include a 10 percent duty on softwood lumber and rise to 50 percent for kitchen cabinets by Jan 1.
- National Association of Home Builders chairman Buddy Hughes warned that the tariffs will raise construction costs and harm the housing market.
- The BC Lumber Trade Council criticized the tariffs as misguided, stating they will threaten jobs and worsen the housing supply crisis in the US.
188 Articles
188 Articles
Remodeling your kitchen? Here’s how Trump’s tariffs could impact your renovation budget
Cabinet dealers, interior designers and remodeling contractors in the U.S. hope new tariffs on imported kitchen cabinets, bathroom vanities and upholstered wooden furniture that kicked in Tuesday will create more business for them and eventually boost domestic production of those products.But several small business owners in the home improvement industry say they expect some short-term pains from the import taxes: Clients with projects already o…
The new minimum tariffs of 10 percent that the United States has imposed on global imports...
They will raise to 35% the US surtax on imports of kitchen cabinets, furniture washbasins and other upholstered wood products.
New tariffs on wood and furniture could significantly change prices in the Swedish furniture giant, as IKEA reacts to the change.
US President Donald Trump's new tariffs on imported lumber, furniture and kitchen cabinets took effect on Tuesday. The latest measures include a 10 percent tariff on softwood imports, while duties on some upholstered furniture and kitchen cabinets start at 25 percent. Furniture, doors and windows, and wooden construction materials have been among Kosovo's main exports to the US in recent years, writes Free Europe. From January 1, the rate on imp…
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