GHY International’s Post

🚨 #Tariff Alert - President Donald J. Trump has issued a proclamation imposing #Section232 tariffs on imports of softwood timber, lumber, and derivative products—effective October 14, 2025. ✅ 10% tariff – #Softwood timber & #lumber imports ✅ 25% tariff (rising to 30% Jan 1, 2026) – Upholstered wooden #furniture ✅ 25% tariff (rising to 50% Jan 1, 2026) – Kitchen #cabinets & #vanities ✅ Special tariff caps – UK (10%), EU/Japan (15%) ✅ Exemptions from overlapping tariffs (reciprocal, IEEPA, Brazil/India, etc.) ✅ Drawback available – but FTZ entries after Oct 14 must be “privileged foreign” ✅ Negotiations ongoing – possible adjustments or exemptions ahead ✅ Scope may expand – additional wood products could be added 📌 Background: The Department of Commerce found imports were undermining the U.S. wood industry, creating national security risks tied to defense and critical infrastructure. 👉 Full details here: https://lnkd.in/gtJWbQQJ