Denemek ALTIN - Özgür
Trump sets 10% tariff on lumber imports, 25% on cabinets, furniture
Business World Philippines
|October 01, 2025
US President Donald J. Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners.
-
The action is the first in three sectors that Mr. Trump said last week would get steep new duties as early as Oct. 1, including patented pharmaceutical imports, and heavy truck imports. Monday's proclamation sets the start of the lumber and furniture duties two weeks later, at 12:01 a.m. EDT (0401 GMT) on Oct. 14.
Mr. Trump signed a presidential proclamation laying out his argument that timber, lumber and furniture imports are eroding US national security to justify the new duties under Section 232 of the Trade Act of 1974.
Mr. Trump's increasing use of Section 232 comes as he awaits a Supreme Court ruling on the legality of his broader "reciprocal" tariffs on global trading partners, which two lower courts have struck down.
The proclamation said the tariff rates would start on Oct. 14 but added that duties would increase on Jan. 1 to 30% for upholstered wooden products and 50% for kitchen cabinets and vanities imported from countries that failed to reach an agreement with the United States.
Bu hikaye Business World Philippines dergisinin October 01, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Business World Philippines'den DAHA FAZLA HİKAYE
Business World Philippines
S&P affirms 'BBB+' rating for Philippines
S&P GLOBAL RATINGS on Thursday affirmed the Philippines' investment grade credit rating with a \"positive\" outlook, noting that its growth prospects remain strong even as the corruption scandal weighs on the economy this year.
3 mins
November 28, 2025
Business World Philippines
Bulacan contractors tied to 'ghost' projects face tax evasion raps — BIR
THE BUREAU of Internal Revenue (BIR) has filed tax evasion complaints against two Bulacan-based contractors allegedly involved in “ghost” flood control projects.
1 mins
November 28, 2025
Business World Philippines
PHL, France spotlight co-productions, animation, feminist films as French Film Fest returns for 28th year
ANIMATED and feminist films are being screened until Nov. 30, as part of this year’s French Film Festival which is now in its 28th year.
3 mins
November 28, 2025
Business World Philippines
Business groups call for mandatory lifestyle checks on all gov't officials
SOME TOP business groups on Thursday called for the public submission of statements of assets, liabilities, and net worth (SALN) by all government officials, as well as mandatory lifestyle checks to enforce accountability.
3 mins
November 28, 2025
Business World Philippines
PHL jumps to 75th in talent competitiveness index
THE PHILIPPINES jumped nine spots in an annual ranking of countries' ability to attract and retain talent, according to a report by business school Institut Européen d'Administration des Affaires (INSEAD) and the Portulans Institute.
3 mins
November 28, 2025
Business World Philippines
James picks his spots
The latest meeting between the Lakers and Clippers functioned both as spectacle and as affirmation of the pecking order. The final score in favor of the purple and gold comes off as a whipping on surface, punctuated by scoring bursts from marquee names. At the same time, clarity lies beyond the numbers: Roles, rhythms and resolve have clearly coalesced for the winners and unravelled for the vanquished.
1 mins
November 28, 2025
Business World Philippines
Extended Beatles Anthology takes fans beyond the mythology of the band
A new episode of the Beatles Anthology, 30 years after the original landmark series, shows the impact on Paul McCartney, George Harrison, and Ringo Starr of being in the biggest rock band in history, its writer and director said.
1 min
November 28, 2025
Business World Philippines
Chinese sportswear maker Anta Sports Products exploring bid for Puma
CHINESE sportswear maker Anta Sports Products is among firms exploring a potential takeover of German sportswear brand Puma, Bloomberg News reported on Thursday.
1 min
November 28, 2025
Business World Philippines
Not too scary, but a solid first effort
KMJS' GABI NG LAGIM THE MOVIE
3 mins
November 28, 2025
Business World Philippines
More than half of new articles on the internet are being written by AI – is human writing headed for extinction?
The line between human and machine authorship is blurring, particularly as it’s become increasingly difficult to tell whether something was written by a person or AI.
4 mins
November 28, 2025
Listen
Translate
Change font size

