
Effective October 14th! Trump Wields Tariff Stick Again Targeting Imported Timber, Cabinets, and Other Products
On Monday local time, U.S. President Trump once again wielded the tariff stick, announcing tariff measures targeting various imported products such as timber and cabinets. This is his latest move to escalate global trade tensions.
According to comprehensive reports from CCTV News and other media, on September 29 local time, U.S. President Trump announced that a 10% tariff would be imposed on imported softwood logs and timber, and an additional 25% tariff would be levied on imported cabinets, vanities, and upholstered wood products.
Trump stated that the planned actions would "strengthen supply chains, enhance industrial resilience, create high-quality jobs, and increase the capacity utilization of domestic timber products."
These tariffs are imposed under Section 232 of the Trade Expansion Act, which authorizes the president to levy tariffs on goods in the name of national security. These tariffs differ from the so-called "reciprocal tariffs" or country-specific tariffs imposed by Trump to increase fiscal revenue, address trade imbalances, and pressure other countries to remove barriers against U.S. goods.
Legally speaking, these industry-specific tariffs may be more enduring. Currently, Trump's "reciprocal tariffs" targeting multiple countries worldwide are facing legal challenges and could be overturned. The U.S. Supreme Court will review the legality of Trump's "reciprocal tariffs" in early November.
According to Trump's directive, major economies that have reached trade agreements with the U.S. will face lower tariff rates. For instance, tariffs on wood products from the United Kingdom will not exceed 10%, while for the European Union and Japan, the applicable tariffs will effectively be capped at 15%.
