Trump targets lumber, furniture, foreign films with new tariffs

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00:00President Trump is adding more tariffs to the list, this time taking aim at wood, furniture, even movies.

00:08On Monday, President Trump signed a proclamation saying the U.S. will start charging a 10% tariff on foreign software lumber and timber,

00:17which are used in a wide variety of building materials.

00:20He also announced a 25% tariff on kitchen cabinets, vanities, and upholstered wooden furniture.

00:26Those tariffs take effect October 14th and go even higher in the new year, 50% on cabinets and 30% on furniture starting January 1st.

00:35Industry analysts warn the moves could push up lumber costs and, as a result, housing prices.

00:40And that's not all. In a Truth Social post, Trump said he will also impose a 100% tariff on any movie made outside the United States,

00:49claiming the movie-making business has been stolen from the U.S.

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01:03We have no contract for the U.S.

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01:09And please.

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