
- The Proclamation imposes a 10% global tariff on imports of softwood lumber.
- The Proclamation imposes a 25% global tariff on certain upholstered furniture, which will increase to 30% on January 1.
- The Proclamation imposes a 25% global tariff on kitchen cabinets and vanities, which will increase to 50% on January 1.
- Trading partners who negotiate with the United States to address the threat of wood imports to the national security of the United States may be able to secure an alternative to the pending tariff increases.
- The United Kingdom, the European Union, and Japan will enjoy more favorable treatment that reflects the terms of their trade deals with the United States.
- The Section 232 tariff on subject wood imports from the United Kingdom will not exceed 10%.
- The combined Section 232 tariff and most-favored nation tariff on subject wood imports from the European Union and Japan will not exceed 15%.
- Products that are not subject to these Section 232 tariffs will generally be subject instead to reciprocal tariffs.
- The treatment of products on the list of Potential Tariff Adjustments for Aligned Partners (PTAAP) remains unchanged unless an antidumping or countervailing duty order applies.
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Read Full Article Here…(whitehouse.gov)
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