U.S. President Donald Trump signed a proclamation connected Monday to acceptable a 10% tariff complaint connected imports of lumber and 25% connected vanities, room cabinets and upholstered woody products, the White House said.
Andrew Harnik | Getty Images News | Getty Images
U.S. President Donald Trump said connected Monday he was slapping 10% tariffs connected imported timber and lumber and 25% duties connected imported room cabinets, bath vanities and upholstered furniture, with the rate connected the second categories to jump next year.
Trump signed a presidential proclamation laying retired his statement that timber, lumber and furnishings imports are eroding U.S. nationalist information to warrant the caller duties nether Section 232 of the Trade Act of 1974.
The proclamation said the tariff rates would start connected October 14, but added that duties volition summation connected January 1 to 30% for upholstered woody products and to 50% for room cabinets and vanities imported from countries that neglect to scope an statement with the United States.
The enactment is the first in three sectors that Trump said past week would get steep caller duties as aboriginal arsenic October 1, including patented pharmaceutical imports, and dense motortruck imports. But Monday's proclamation sets the commencement of the lumber and furnishings duties 2 weeks later, astatine 12:01 a.m. EDT (0401 GMT) connected October 14.
Trump's proclamation said wood merchandise imports are weakening the U.S. economy, resulting successful the persistent threats of closures of wood mills and disruptions of wood merchandise proviso chains and diminishing utilization of the U.S. home wood industry.
"Because of the authorities of the United States wood industry, the United States whitethorn beryllium incapable to conscionable demands for wood products that are important to the nationalist defence and captious infrastructure," the connection said.
The bid added that wood products are utilized for "building infrastructure for operational testing, lodging and retention for unit and materiel, transporting munitions, arsenic an constituent successful munitions, and arsenic a constituent successful missile-defense systems and thermal-protection systems for nuclear-reentry vehicles."
English (US) ·