- United States President Trump issued a Proclamation on 29 September 2025 imposing tariffs on imports of timber, lumber and their derivative products, citing national security concerns.
- A 10% ad valorem duty will be applied to imports of softwood timber and lumber, while certain upholstered wooden products, kitchen cabinets and vanities will face a 25% duty beginning 14 October 2025. Beginning 1 January 2026, the duty rate of upholstered wooden products will increase to 30% and duty rate for kitchen cabinets and vanities will increase to 50%.
- The Proclamation establishes procedures for monitoring imports and allows for adjustments based on ongoing negotiations with trading partners, including the United Kingdom, European Union and Japan.
Source EY
Latest Posts in "United States"
- Minnesota Updates Sales and Use Tax Guidance for Digital Products, Effective October 2025
- 5 Reasons Why U.S.- and U.K.-Based Companies Should Start E-invoicing
- Excise Taxes and Fees on Wireless Services Up Again in 2025
- Maryland Imposes 3% Sales Tax on IT and Data Services Starting July 2025
- Illinois Announces Tax Amnesty Program Waiving Interest and Penalties from October to November 2025