12
Jan
On December 31, 2025, President Donald Trump issued a proclamation (the amendment), delaying the increase in tariffs for certain finished wood products until January 1, 2027. The amendment modifies Proclamation 10976, which imposed tariffs under Section 232 of the Trade Expansion Act on certain imports of timber, lumber, and derivative wood products (Section 232 wood tariffs). The original action established additional duties on softwood timber and lumber, upholstered wooden furniture, and kitchen cabinets and vanities, and it scheduled significant rate increases for...