Trump places 10% levy on lumber, 25% for furniture

AWANI

U.S. President Donald Trump orders new tariffs on lumber and furniture, with imports facing duties of up to 25 percent, raising costs for homebuilding and furnishing.

Transcript

00:00U.S. President Donald Trump has ordered new tariffs on wooden products and furniture,

00:05potentially adding costs to home buildings and furnishing.

00:09In his latest proclamation, the U.S. will impose a 10% tariff on imported timber and lumber

00:15and a 25% tariff on kitchen cabinets, vanities and upholstered wooden furniture.

00:22The new rates take effect on October 14.

00:25Starting January 1, the duties will rise to 30% for upholstered wooden products

00:30and 50% for kitchen cabinets and vanities from countries that fail to reach an agreement with Washington.

00:36Trump said the measures were necessary to protect America's local industries and national security.

00:42He argued that imports have threatened to shut down wood mills and disrupt supply chains.

00:47Countries likely to be hardest hit include Canada, Mexico and Vietnam.

00:51Canada is the biggest supplier of softwood lumber to the U.S.

00:55However, some nations will see relief through tariff-reducing trade deals.

01:00Wood products from Britain will be kept at 10% and from the European Union and Japan at 15%,

01:06in line with base rates set in their framework agreements.

01:09Wood parts of Canada.

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