Lumber Market Faces Fresh Tariff Pressures

2025-09-30 08:02 By Agna Gabriel 1 min. read

Lumber futures were above $600 per thousand board feet, near a six-week high, after President Trump announced fresh tariffs on imported wood products.

Starting Oct. 14, the US will impose 10% duties on softwood lumber and timber and 25% on kitchen cabinets, vanities and upholstered wood products, with some levies rising to as much as 50% in January.

Trump argued the move will strengthen supply chains and boost domestic jobs, but homebuilders warned it could push up housing costs, undercutting efforts to spur homebuying.

Canada, the largest US supplier, is set to be hit hardest, adding to existing duties of over 35%.

While domestic manufacturers may benefit, retailers such as Wayfair and Williams-Sonoma caution that higher costs loom.

Meanwhile, the latest data showed that new single family sales rose by 20.5% in August, the most in three years.

Existing home sales eased by 0.2% and housing inventory fell by 1.3%.



News Stream
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