(CNN) — President Donald Trump on Monday ordered significant new tariffs on wood and various wooden products, including imported lumber, timber, kitchen cabinets and upholstered furniture – potentially adding costs to homebuilding and furnishing, which have surged in price in recent months.
In a proclamation , Trump said the United States would begin charging a 10% tariff on foreign softwood lumber and timber, used in a wide variety of building materials. He also announced a 25% tariff on kitchen cabinets, vanities and upholstered wooden furniture.
Those rates are set to go into effect October 14. On January 1, Trump will boost the tariff on cabinets to 50% and upholstered furniture to 30%. He first announced those new tariffs in a Truth Social post on Thursday.
In the proclamation