Donald Trump has unveiled a new suite of tariffs on timber and wood furniture, as he escalated his trade war in the name of US national security and boosting domestic manufacturing.
The US will apply levies of 10 per cent on softwood timber and lumber and 25 per cent on kitchen cabinets and upholstered wood furniture, beginning on October 14, according to a presidential notice released by the White House late on Monday.
The duties are set to escalate from January next year, with furniture tariffs rising to 30 per cent and those on cabinets to 50 per cent, unless countries strike a deal with the US to lower them.
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