WASHINGTON —
New tariffs on imported wood and certain wood products took effect on Tuesday.
Softwood timber and lumber are now subject to 10% tariffs under a proclamation signed by President Donald Trump last month.
Trump also imposed 25% import taxes on upholstered furniture, kitchen cabinets, and bathroom vanities. Those rates are slated to increase again on Jan. 1, 2026.
Some domestic manufacturers are celebrating the policy, while others fear it will hurt housing affordability.
"With both mortgage rates and construction costs already elevated, these tariffs will put home ownership out of reach for even more Americans," said Zack Fritz, an economist for Associated Builders and Contractors.
"These new tariffs will create additional headwinds for an already challenged housing ma