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.
- New tariffs on imported kitchen cabinets and other wooden products began on Tuesday, aiming to increase domestic production, as stated by cabinet dealers and remodeling contractors.
- Some small business owners in the home improvement industry expect short-term challenges due to increased costs for clients' projects already planned.
- President Donald Trump signed a proclamation on September 29, citing national security and trade practices for these tariffs.
- Concerns were raised about decreased consumer confidence and rising costs throughout the supply chain, impacting the remodeling sector.
241 Articles
241 Articles
Trump’s new tariffs hit furniture and lumber, fueling trade tensions | Honolulu Star-Advertiser
President Donald Trump ushered in new tariffs on imported furniture, kitchen cabinets and lumber today, adding a fresh round of levies as he once again threatened to expand his trade war with China.
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…
Tariffs on wood products begin as talk of US-China trade war heats up
New Trump administration tariffs began today on imports of wood products like furniture, kitchen cabinets and lumber. The levies range from 10% to 50% as the administration looks to boost the domestic logging and furniture industries. Critics contend the increased fees could result in higher prices for consumers and negatively affect the home-building industry. Reaction to the new tariffs Some American manufacturers, such as furniture maker Et…
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.
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