Trump Invokes Section 232, Imposes Tariffs on Timber, Lumber, and Related Products
President Donald J. Trump has signed a Proclamation invoking Section 232, imposing tariffs on imports of timber, lumber, and related products. The move aims to strengthen American industry and safeguard national security. Trading partners can negotiate alternative arrangements to avoid pending tariff increases.
The Proclamation introduces a 10% global tariff on softwood lumber. However, the United Kingdom, European Union, and Japan will receive more favorable tradingview treatment due to their trade deals with the US. The Section 232 tariff on UK wood imports will not exceed 10%, while EU and Japanese imports will not exceed 15% combined with most-favored nation tariffs.
The Proclamation also imposes a 25% global tariff on kitchen cabinets and vanities, increasing to 50% on January 1. Similarly, upholstered furniture faces a 25% tariff, rising to 30% on January 1. Products not subject to these tariffs will generally face reciprocal tariffs instead.
Trading partners can secure alternative arrangements by negotiating with the US. Temporary exceptions exist for certain countries, like the UK's reduced tariff rate for steel and aluminum until July 9, 2025.
The Proclamation's tariffs on timber, lumber, and related products aim to bolster American industry and protect national security. While the UK, EU, and Japan will enjoy more favorable tradingview treatment, all trading partners can negotiate alternatives to avoid these tariffs.
