President Trump on Monday set a 10 percent tariff on lumber imports and a 25 percent tariff on furniture, including vanities and kitchen cabinets.
Trump ordered an evaluation of lumber imports in March, describing the good as part of a “critical” manufacturing industry “essential” to national security, economic strength and the industrial resilience of the United States.
Commerce Secretary Howard Lutnick was originally expected to submit his assessment to the president by Nov. 26 but transmitted his report on July 1.
“The Secretary found that present quantities and circumstances of wood product imports are weakening our economy, resulting in the persistent threats of closures of wood mills and disruptions of wood product supply chains, among other things, and diminishing the utilization