U.S. President Donald Trump said on Monday he was slapping 10 per cent tariffs on imported timber and lumber and 25 per cent duties on kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners.
The action is the first in three sectors that Trump said last week would get steep new duties as early as Oct. 1, including patented pharmaceutical and heavy truck imports. Monday's proclamation sets the start of the lumber and furniture duties two weeks later, on Oct. 14 at 12:01 a.m. ET.
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.
His increasing use of Section 232 comes as he awaits a U.S. Supreme Court ruling on the legality of his broader "reciprocal" tariffs on global trading partners, which two lower courts have struck down.
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