President Donald J. Trump has signed a Proclamation under Section 232 of the Trade Expansion Act of 1962 to postpone tariff increases on certain wood-related products, including upholstered furniture, kitchen cabinets, and vanities, for one year.
The administration stated that the decision aims to support the U.S. lumber industry. According to the White House, earlier in the year tariffs were imposed on timber, lumber, and related wood products to strengthen domestic industries and protect national security.
"This Proclamation builds on previous actions taken by the Trump Administration to ensure U.S. trade and industrial policies serve the national interest," according to an official statement.
The move is part of ongoing efforts by the administration to secure critical industries and maintain stable supply chains within the United States.
