Tue Oct 14 04:50:22 UTC 2025: **Here’s a summary of the text:**

The article details the implementation of new tariffs by U.S. President Donald Trump on imported wood, furniture, and kitchen cabinets. These tariffs, enacted under the guise of national security and boosting U.S. industries, are expected to increase building costs and strain the already challenging housing market. The tariffs vary by product and country, with Canada being particularly affected due to existing lumber duties. Industry experts warn of negative consequences including increased home building costs, strained North American trade relations, and potential job losses. Some trade partners have reached deals with the Trump administration to avert harsher duties.

**Here’s a news article from an Indian perspective:**

**Trump’s New Tariffs on Wood, Furniture Threaten US Housing Market: Impact on Global Trade Looms**

**New Delhi – October 14, 2025** – U.S. President Donald Trump’s latest round of tariffs, targeting imported wood, furniture, and kitchen cabinets, has come into effect, raising concerns about its impact on the U.S. housing market and global trade dynamics. The move, framed as a measure to bolster U.S. industries and protect national security, has been met with criticism from industry leaders who fear increased building costs and a further strain on the already challenging housing market in the United States.

The tariffs, which began Tuesday, include a 10% levy on softwood lumber and duties starting at 25% on certain upholstered furniture and kitchen cabinets. These rates are slated to increase significantly by January 1, 2026, potentially impacting consumer prices and construction projects. While some countries, including Britain, the European Union, and Japan, have negotiated deals to limit the tariffs, Canada, a major lumber supplier to the U.S., faces a cumulative tariff of 45% due to pre-existing anti-dumping duties.

“This is a matter that should be addressed with care. The rise in the tariff would affect the housing market negatively. It will also threaten job security to the North American market.” Says BC Lumber Trade Council.

From an Indian perspective, these tariffs underscore the ongoing protectionist trends in the global economy and the potential for trade disputes to disrupt international supply chains. While India is not directly impacted by these specific tariffs, the development serves as a reminder of the need for diversification and resilience in trade relationships. Indian businesses involved in related sectors, such as furniture manufacturing or wood processing, may need to assess potential opportunities or challenges arising from the shift in global trade flows.

The move has also raised questions about the use of national security as a justification for trade barriers, a tactic increasingly employed by various nations. This approach could potentially lead to retaliatory measures and further complicate international trade relations, impacting not only developed economies but also emerging markets like India.

The global community will be watching closely to see how these tariffs unfold and whether they trigger a broader trade war, adding uncertainty to an already volatile economic landscape.

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