US President Donald Trump announced new tariffs on imports of lumber and wood products, effective October 2025. The decision includes a 10% tax on primary lumber and a 25% tax on furniture and kitchen cabinets, with the potential to increase to 50% by early 2026. This move aims to support domestic industry and promote industrial independence in the lumber sector.

However, widespread concerns have emerged in the US market about rising construction and renovation costs. Exporting countries such as Canada, Mexico, and Vietnam will be most affected by this move. The decision was made pursuant to Section 232 of the US Trade Act of 1974.

The commercial sector warned of negative repercussions for consumers and supply chains. However, the administration believes this move will open up opportunities for domestic manufacturers. Analysts expect trade responses from the affected countries, which could escalate the global economic conflict.