Trump issues suite of national security duties on wood products

New national security duties on lumber, timber and derivative products are set to take effect on Oct. 14, with some set to rise by the beginning of next year for countries that don’t negotiate exceptions, the White House said late Monday. The duties include 10 percent tariffs on softwood timber and lumber; 25 percent tariffs on certain upholstered wooden products, set to rise to 30 percent on Jan. 1; and 25 percent tariffs on kitchen cabinets and vanities, which will...