"Trump Slaps Tariffs on Kitchen Cabinets and Timber Imports"

New Tariffs on Kitchen Cabinets, Lumber Take Effect in US A 10% tariff on softwood lumber and timber imports from countries like Canada, as well as a 25% tax on imported kitchen cabinets and vanities, came into effect in the United States on Tuesday. The tariffs were signed into law by President Donald Trump last month, citing national security concerns and the need to protect domestic manufacturers. According to industry experts, the new taxes are likely to increase housing costs and delay home renovations. "The tariffs will make it more expensive for consumers to buy kitchen cabinets and furniture," said a spokesperson from the National Kitchen and Bath Association (NKBA). "This could lead to higher prices for homeowners and builders alike." The tariffs on softwood lumber and timber imports will remain at 10%, while those on upholstered wooden furniture will increase from 25% to 30% unless new trade agreements are reached. The tax on kitchen cabinets and vanities, however, will rise to 50% on January 1. President Trump has stated that the tariffs are necessary to protect US manufacturers and national security concerns. However, some in the industry have expressed concern that the move could harm American consumers. "The tariffs will make it more difficult for builders to afford materials, which could lead to higher costs for homeowners," said a spokesperson from the National Association of Home Builders (NAHB). The new tariffs are expected to affect not only US manufacturers but also international trade partners. Canada, in particular, is likely to feel the impact, as it is one of the largest suppliers of softwood lumber and timber to the United States. Industry experts predict that the tariffs will have a ripple effect throughout the economy, leading to higher prices for consumers and potentially delaying home renovations. "The tariffs will make it more expensive for builders to buy materials, which could lead to higher costs for homeowners," said a spokesperson from the NKBA. As the US government continues to negotiate new trade agreements with its international partners, the future of these tariffs remains uncertain. However, one thing is clear: American consumers may face higher prices for kitchen cabinets, furniture, and building materials in the coming months. Sources: Bloomberg via Getty Images National Kitchen and Bath Association (NKBA) National Association of Home Builders (NAHB) This story was compiled from reports by BBC Business and BBC Business.