Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture
    Headlines

    Trump Sets 10% Tariff on Lumber Imports, 25% on Cabinets and Furniture

    Published by Global Banking & Finance Review®

    Posted on September 30, 2025

    4 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:import and exporttrade securitiesfinancial marketsInternational tradeeconomic growth

    Quick Summary

    Trump imposes tariffs on lumber and furniture imports, citing national security concerns, impacting trade with Canada, Vietnam, and Mexico.

    Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture

    Impact of New Tariffs on U.S. Economy

    By David Lawder and David Shepardson

    Details of the Tariff Rates

    WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners.

    Reactions from Affected Countries

    The action is the first in three sectors that Trump said last week would get steep new duties as early as October 1, including patented pharmaceutical imports, and heavy truck imports. Monday's proclamation sets the start of the lumber and furniture duties two weeks later, at 12:01 a.m. EDT (0401 GMT) on October 14.

    Concerns from U.S. Businesses

    Trump signed a presidential proclamation laying out his argument that timber, lumber and furniture imports are eroding U.S. national security to justify the new duties under Section 232 of the Trade Act of 1974.

    Trump's increasing use of Section 232 comes as he awaits a Supreme Court ruling on the legality of his broader "reciprocal" tariffs on global trading partners, which two lower courts have struck down.

    The proclamation said the tariff rates would start on October 14, but added that duties would increase on January 1 to 30% for upholstered wooden products and 50% for kitchen cabinets and vanities imported from countries that failed to reach an agreement with the United States.

    Trump's proclamation said wood product imports were weakening the U.S. economy, resulting in the persistent threat of closures of wood mills and disruptions of wood product supply chains and diminishing utilization of the U.S. domestic wood industry.

    "Because of the state of the United States wood industry, the United States may be unable to meet demands for wood products that are crucial to the national defense and critical infrastructure," the statement said.

    The order added that wood products were used for "building infrastructure for operational testing, housing and storage for personnel and materiel, transporting munitions, as an ingredient in munitions, and as a component in missile-defense systems and thermal-protection systems for nuclear-reentry vehicles."

    PAIN FOR CANADA, VIETNAM, MEXICO

    Trump's use of tariffs has been a feature of his second term, throwing new obstacles at businesses already struggling with disrupted supply chains, soaring costs and consumer uncertainty. His administration has highlighted the surge in duties paid into government coffers.

    The action heaps more tariffs on Canada, the biggest softwood lumber supplier to the U.S., where producers already face combined U.S. anti-dumping and anti-subsidy tariffs of about 35% due to a long-festering dispute over timber harvested from Canadian public lands.

    Canada, which hopes to negotiate U.S. tariff reductions through a broader revamp of the 2020 U.S.-Mexico-Canada agreement on trade, has said it would provide up to C$1.2 billion ($870 million) in aid to its softwood lumber producers to cope with the prior duties.

    Mexico and Vietnam are growing suppliers of wooden furniture to the U.S. after Trump hit Chinese furniture products with tariffs of up to 25% during his first term starting in 2018 - duties which have since been raised to about 55% and now could nearly double for cabinets and vanities.

    Trump's proclamation offered some countries that have struck tariff-reducing trade deals with the U.S. some relief from the higher wood products duties.

    It said that U.S. tariffs on wood products from Britain would be capped at 10% and those from the European Union and Japan would be capped at 15% - rates in line with the base tariff rate in those framework agreements.

    But Trump's statement made no mention of his trade deal with Vietnam for a 20% tariff rate in July, an agreement that still has not been formally documented.

    In April, after the Commerce Department opened the national security probe into U.S. lumber imports, the U.S. Chamber of Commerce announced its opposition to any restrictions on imports of timber, lumber and their derivative products, including wood pulp, paper and cardboard.

    "Imports of these goods do not represent a national security risk," the Chamber wrote. "Imposing tariffs on these goods would raise costs for U.S. businesses and home construction, undermine the export success enjoyed by the U.S. paper industry, and reduce incomes in many U.S. communities."

    (Reporting by David Shepardson, David Lawder and Ismail Shakil; Editing by Lincoln Feast and Kate Mayberry)

    Table of Contents

    • Impact of New Tariffs on U.S. Economy
    • Details of the Tariff Rates
    • Reactions from Affected Countries
    • Concerns from U.S. Businesses

    Key Takeaways

    • •Trump imposes 10% tariffs on lumber imports.
    • •25% duties set on cabinets and furniture.
    • •Tariffs justified under Section 232 of Trade Act.
    • •Impact on Canada, Vietnam, and Mexico highlighted.
    • •Potential increase in tariffs by January 1.

    Frequently Asked Questions about Trump sets 10% tariff on lumber imports, 25% on cabinets and furniture

    1What tariffs did Trump announce on lumber imports?

    Trump announced a 10% tariff on imported timber and lumber.

    2What is the tariff rate on kitchen cabinets and furniture?

    The tariff on kitchen cabinets and upholstered furniture is set at 25%.

    3
    When will these tariffs take effect?

    The tariffs will start on October 14, with increases planned for January 1.

    4Which countries are affected by these new tariffs?

    Canada, Vietnam, and Mexico are significantly impacted, with Canada being the largest supplier of softwood lumber.

    5What justification did Trump provide for these tariffs?

    Trump argued that timber and lumber imports threaten U.S. national security and weaken the economy.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Pope Leo names Australian bishop to lead Vatican's legal office
    Pope Leo Names Australian Bishop to Lead Vatican's Legal Office
    Image for Russia says it supplies fuel to Cuba as humanitarian aid
    Russia Says It Supplies Fuel to Cuba as Humanitarian Aid
    Image for Iranian strikes pose ‘existential threat’, Gulf states tell UN
    Iranian Strikes Pose ‘existential Threat’, Gulf States Tell UN
    Image for Russia says it remains in contact with US on Ukraine settlement
    Russia Says It Remains in Contact With US on Ukraine Settlement
    Image for Putin allies Lukashenko and Kim meet in North Korea
    Putin Allies Lukashenko and Kim Meet in North Korea
    Image for Denmark's Frederiksen faces tough coalition talks to remain prime minister
    Denmark's Frederiksen Faces Tough Coalition Talks to Remain Prime Minister
    Image for UK police arrest two men over arson attack on Jewish community ambulances
    UK Police Arrest Two Men Over Arson Attack on Jewish Community Ambulances
    Image for Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    View All Headlines Posts
    Previous Headlines PostFamily of Four Killed in Ukraine's Sumy Region, Governor Says
    Next Headlines PostMorning Bid: Bonfire of the Vanities