Trump Launches New Tariffs on Furniture and Lumber, Intensifying Trade Conflict

President Trump has implemented new tariffs on furniture and lumber, escalating the trade conflict with China and impacting the United States domestic industry and international relations.

• Effective immediately, the new Tariff rates on imported furniture and lumber range from 10 to 50 percent, aimed at boosting domestic production in the United States.
• Donald Trump stated that the tariffs are part of a broader strategy to protect national security and foster local manufacturing, particularly in the logging and furniture sectors.
• The tariffs particularly target imports from Canada and the European Union, intensifying existing trade tensions and potentially affecting prices for consumers and businesses in the United Kingdom.