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Tag Archives: tariffs

New Lumber Tariffs to Take Effect in October

tariffs on lumber

New tariffs on lumber and timber have been announced in a recent proclamation from President Donald Trump.  A 10% tariff on foreign softwood lumber and timber and a 25% tariff on kitchen cabinets, vanities and upholstered wooden furniture will be …

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Steel Tariffs Expanded

building materials tariff bill

The U.S. Commerce Department announced it is raising steel and aluminum tariffs on over 400 products, including appliances, heavy equipment, marine engines, furniture and more. The department says more categories are being added to the list of steel and aluminum …

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Retail Spending Surges in July

July Retail sales

Retail spending increased in July as consumers sought out summer sales to purchase goods before additional tariffs take effect, according to the National Retail Federation’s CNBC/NRF Retail Monitor. July sales in the building and garden supplies sector increased 1.32% seasonally …

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2025 Import Cargo Levels Down From 2024

import cargo year-end

As tariffs continue to put pressure on international trade, import cargo volume at shipping ports is tentatively expected to end 2025 5.6% below the volumes from 2024, according to the Global Port Tracker report released by the National Retail Federation …

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Tariffs Postponed, New Tariffs Announced

building materials tariff bill

Reciprocal tariffs have been placed on a 90-day pause that was originally scheduled to end on July 9. The tariffs will now begin on August 1, giving negotiators additional time to reach agreements. During a cabinet meeting, President Donald Trump …

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