Trump's 45% Lumber and Furniture Tariffs: Impact on US Housing Market and International Trade Relations

Oct 14, 2025 01:46 pm CST

President Trump's new tariffs on imported wood, furniture, and kitchen cabinets have taken effect, raising duties on Canadian lumber to 45% and introducing tariffs of 25-50% on furniture and cabinets. Industry experts warn these measures will increase home construction costs by approximately $2,200 per unit, further challenging an already struggling housing market while significantly impacting trade relationships with Canada, Vietnam, and other major exporters.