furniture tariffs
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.
Trump's 100% Pharmaceutical Tariffs Face EU Resistance Citing Trade Deal Immunity
Sep 26, 2025 08:44 pm CST
President Trump has announced steep new tariffs on pharmaceuticals and other imported goods, with the EU claiming immunity under a previous trade agreement. The measures include a 100% tariff on pharmaceutical products, 25% on heavy trucks, and significant tariffs on furniture and kitchen products. These protectionist policies aim to rebuild US manufacturing but have sparked concerns about inflation and supply chain disruptions among international allies and trading partners.
Trump's New Import Tariffs: 100% on Pharmaceuticals, 50% on Cabinets, and Impact on U.S. Economy
Sep 26, 2025 08:25 am CST
President Trump has announced significant new tariffs starting October 1, including 100% on pharmaceutical drugs, 50% on kitchen cabinets, 30% on furniture, and 25% on heavy trucks. While aimed at boosting domestic manufacturing and reducing budget deficits, these tariffs may increase inflation and healthcare costs, with limited evidence of manufacturing job creation.