Trump signs proclamation imposing lumber tariffs, capped at 15% for EU, Japan
Source Fxstreet
The White House announced early Tuesday that US President Donald Trump signed a proclamation adjusting imports of timber, lumber and derivative products into the United States (US).
Additional details
New tariffs on wood and lumber products from Oct. 14.
25% ad valorem duty to apply on some upholstered wooden products, kitchen cabinets and vanities.
Softwood timber and lumber imports to face 10% tariff.
Imports from EU and Japan capped at 15% tariff.
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